0001214916-12-000001.txt : 20120105 0001214916-12-000001.hdr.sgml : 20120105 20120105113605 ACCESSION NUMBER: 0001214916-12-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120103 FILED AS OF DATE: 20120105 DATE AS OF CHANGE: 20120105 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOVDE ERIC D CENTRAL INDEX KEY: 0001019973 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34167 FILM NUMBER: 12509825 MAIL ADDRESS: STREET 1: 1826 JEFFERSON PLACE NW CITY: WASHINGTON STATE: DC ZIP: 20036 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EPLUS INC CENTRAL INDEX KEY: 0001022408 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-COMPUTER & PERIPHERAL EQUIPMENT & SOFTWARE [5045] IRS NUMBER: 541817218 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 13595 DULLES TECHNOLOGY DRIVE CITY: HERNDON STATE: VA ZIP: 20171-3413 BUSINESS PHONE: 7039848400 MAIL ADDRESS: STREET 1: 13595 DULLES TECHNOLOGY DRIVE CITY: HERNDON STATE: VA ZIP: 20171-3413 FORMER COMPANY: FORMER CONFORMED NAME: MLC HOLDINGS INC DATE OF NAME CHANGE: 19960906 4 1 primary_doc.xml PRIMARY DOCUMENT X0304 4 2012-01-03 0 0001022408 EPLUS INC PLUS 0001019973 HOVDE ERIC D 1826 JEFFERSON PLACE NW WASHINGTON DC 20036 1 0 1 0 Common Stock 2012-01-03 4 A 0 401 0 A 226662 D Common Stock 945052 I Footnote On January 3, 2012, Mr. Hovde was awarded 401 restricted shares of common stock of the Company ("Restricted Shares). The Restricted Shares were issued pursuant to Mr. Hovde's election to receive the shares in lieu of cash compensation as permitted under the Company's 2008 Non-Employee Director Long Term Incentive Plan ("Plan"). The Restricted Shares are subject to a restriction period beginning on the issue date and ending on the first anniversary of the issuance for one-half of the Restricted Shares and ending on the second anniversary of the issuance for the remaining one-half of the Restricted Shares ("Restriction Period"). As more fully described in the Plan, under certain circumstances the restrictions may lapse. The direct ownership of 226,662 shares includes 5,604 shares (including the Restricted Shares) that are restricted that have not yet vested as of January 5, 2012; however, Mr. Hovde has the right to vote such shares that are restricted prior to vesting. As of the date hereof, including the transaction reported herein, Mr. Hovde may be deemed the beneficial owner (within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended) of 945,052 shares of common stock of ePlus inc (the "Shares"). An October 7, 2011 Form 4 filing inadvertently included 481 Restricted Shares owned directly by Mr. Hovde as also being indirectly owned. The beneficial ownership of these Shares is more fully set out in the following footnote 3. Mr. Hovde disclaims beneficial ownership of the Shares reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Mr. Hovde is the managing member of: (a) Hovde Capital Limited IV LLC, the general partner to Financial Institution Partners IV, L.P., which owns 49,185 Shares; (b) Hovde Capital, Ltd., the general partner to Financial Institution Partners III, L.P., which owns 225,513 Shares; and (c) Hovde Capital I, LLC, the general partner to Financial Institution Partners Master Fund, L.P., which owns 640,174 Shares. Mr. Hovde is a trustee of the Hovde Private Equity Advisors LLC 401(k) Profit Sharing Plan and Trust, which owns 1,149 Shares: a trustee of the Hovde Capital Advisors LLC 401(k) Profit Sharing Plan and Trust, which owns 7,766 Shares; and a trustee of The Eric D. and Steven D. Hovde Foundation, which owns 21,265 shares. /s/ Eric D. Hovde 2012-01-05