SEC Form 4 · accession 0001019973-17-000005
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric D Hovde
Director
Period of report
Sep 25, 2017
Accepted (ET)
Sep 27, 2017 · 11:24 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022408
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 25, 2017 | A | 852 | $87.95 | A | 68,290 | D | |
| Common StockF2 | holding | — | — | — | 40,975 | I | Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 25, 2017, Mr. Hovde was awarded 852 restricted shares (the "Restricted Shares") of the common stock of the Company (the "Shares"). The Restricted Shares were issued pursuant to Section 7(b) of the Company's 2008 Non-Employee Director Long Term Incentive Plan (the "Plan"). The Restricted Shares are subject to a restriction period described in the Plan; under certain circumstances, the restrictions may lapse. The direct ownership of 68,290 Shares includes 1,691 Shares (including the Restricted Shares) that are restricted and have not yet vested as of September 26, 2017; however, Mr. Hovde has the right to vote such Shares that are restricted prior to vesting.
- F2Mr. Hovde is the managing member of Hovde Capital, Ltd., the general partner to FIP III, which owns 25,198 Shares. Mr. Hovde is a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 15,777 Shares.