Elaine D. Marion - 15 Jun 2021 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
Elaine D. Marion
Issuer symbol
PLUS
Transactions as of
15 Jun 2021
Net transactions value
-$161,280
Form type
4
Filing time
17 Jun 2021, 17:28:40 UTC
Previous filing
15 Jun 2021
Next filing
20 Jul 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Gift $0 -12 -0.05% $0.000000 24,555 15 Jun 2021 By Elaine D. Marion Trust F1, F2
transaction PLUS Common Stock Award $0 +13,020 +53% $0.000000 37,775 15 Jun 2021 Direct F3
transaction PLUS Common Stock Tax liability $161,280 -1,750 -4.6% $92.16 36,025 16 Jun 2021 Direct F4
holding PLUS Common Stock 212 15 Jun 2021 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents a donation to an educational institution.
F2 The reporting person is a trustee and a beneficiary of the trust.
F3 On June 15, 2021, Ms. Marion, an executive of ePlus inc. (the "Company") was granted a restricted stock award consisting of 13,020 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.
F4 Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 16, 2020, and originally reported by the reporting person in a Form 4 filed with the Commission on June 17, 2020.