SEC Form 4 · accession 0001567619-18-003204
EPLUS INC · PLUS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce M Bowen
Director
Period of report
Sep 25, 2018
Accepted (ET)
Sep 27, 2018 · 4:41 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 | Sep 25, 2018 | A | 797 | $0.00 | A | 1,167 | D | |
| Common Stock | holding | — | — | — | 10,000 | I | By Bowen Holdings LLC | |
| Common Stock | holding | — | — | — | 2,782 | I | By Bruce Montague Bowen Trust | |
| Common Stock | holding | — | — | — | 2,782 | I | By Elizabeth Dederich Bowen Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On September 25, 2018, Mr. Bowen, a director of ePlus inc. (the "Company"), was granted a restricted stock award consisting of 797 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted pursuant to the Company's 2017 Non-Employee Director Long Term Incentive Plan (the "Plan") and 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.