SEC Form 4 · accession 0001140361-17-024743
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elaine D Marion
Officer — Chief Financial Officer
Period of report
Jun 8, 2017
Accepted (ET)
Jun 12, 2017 · 6:48 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 8, 2017 | A | 12,000 | $0.00 | A | 90,704 | D | |
| Common StockF2 | Jun 12, 2017 | F | 3,048 | $78.45 | D | 87,656 | D | |
| Common Stock | holding | — | — | — | 212 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 8, 2017, Ms. Marion, an executive of ePlus inc. (the "Company") was granted a restricted stock award consisting of 12,000 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 of three years, with one-third of the shares vesting on each of the next three annual anniversaries of the grant. 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.
- F2Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 12, 2014, and originally reported by the reporting person in a Form 4 filed with the Commission on June 12, 2014.