SEC Form 4 · accession 0001140361-15-024636
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip G Norton
Officer — President and CEO · Director
Period of report
Jun 17, 2015
Accepted (ET)
Jun 17, 2015 · 5:32 pm 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 | Jun 17, 2015 | A | 11,000 | $0.00 | A | 53,444 | D | |
| Common Stock | holding | — | — | — | 450,644 | I | By J.A.P. Investment Group, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 17, 2015, Mr. Norton, an executive of ePlus inc. (the "Company") was granted a restricted stock award consisting of 11,000 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted by the Company's Compensation Committee, pursuant to the Company's 2012 Employee Long-Term Incentive Plan. The Restricted Shares are subject to a Restriction Period beginning on the grant date and ending on the first anniversary of the grant date for one-third of the Restricted Shares, on the second anniversary of the grant date for one-third of the Restricted Shares, and on the third anniversary of the grant date for the remaining one-third of the Restricted Shares. As more fully described in the Plan, under certain circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.