SEC Form 4 · accession 0001140361-18-035230
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phillip G Norton
Director
Period of report
May 11, 2017
Accepted (ET)
Aug 2, 2018 · 5:25 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 11, 2017 | G | 3,500 | $0.00 | D | 26,099 | D | |
| Common StockF2 | Aug 1, 2018 | A | 114 | $0.00 | A | 26,213 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction represents a charitable donation.
- F2On August 1, 2018, Mr. Norton retired as an employee of ePlus inc. (the "Company") and remains on ePlus' Board as an Outside Director. 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 114 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.