SEC Form 4 · accession 0001140361-18-026556
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce M Bowen
Director
Period of report
May 1, 2018
Accepted (ET)
May 31, 2018 · 4:24 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 | May 1, 2018 | A | 370 | $0.00 | A | 370 | D | |
| Common Stock | holding | — | — | — | 15,000 | I | By Bowen Holdings LLC | |
| Common Stock | holding | — | — | — | 4,032 | I | By Bruce Montague Bowen Trust | |
| Common Stock | holding | — | — | — | 4,032 | I | By Elizabeth Dederich Bowen Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 1, 2018, Mr. Bowen retired as an employee of ePlus inc. (the "Company"). Pursuant to the 2017 Non-Employee Director Long-Term Incentive Plan (the "Plan"), upon becoming an Outside Director he was granted a restricted stock award of 370 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares are subject to a Restriction Period beginning on the grant date and ending on the first anniversary of the grant for one-half of the Restricted Shares, and ending on the second anniversary of the grant for the remaining one half of the Restricted Shares (the "Restriction Period"). As more fully described in the Plan, under certain other circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.