X0202 4 2005-07-01 0 0001022408 EPLUS INC PLUS 0001019966 HOVDE STEVEN D 1110 LAKE COOK ROAD SUITE 165 BUFFALO GROVE IL 60089 0 0 1 0 COMMON STOCK 2005-07-01 4 P 0 2100 11.35 A 1120245 I SEE FOOTNOTE 2 COMMON STOCK 2005-07-05 4 P 0 17000 11.56 A 1120245 I SEE FOOTNOTE 2 COMMON STOCK 2005-07-05 4 P 0 5500 11.56 A 1120245 I SEE FOOTNOTE 2 COMMON STOCK 2005-07-05 4 P 0 4700 11.56 A 1120245 I SEE FOOTNOTE 2 COMMON STOCK 2005-07-05 4 P 0 2000 11.56 A 1120245 I SEE FOOTNOTE 2 As of the date hereof, including the five transactions reported herein, Steven D. Hovde is the beneficial owner (within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended) of 1,120,245 shares of common stock of EPlus, Inc. (the Shares). The five transactions reported herein, reflect one purchase of the Shares by Financial Institution Partners, Ltd. (5,500), two purchases of the Shares by Financial Institution Partners, L.P. (2,100; 17,000), one purchase of the Shares by Financial Institution Partners IV, L.P. (2,000), and one purchase of the Shares by Financial Institution Partners III, L.P. (4,700). The beneficial ownership of these Shares is more fully set out in the following footnote. SDH is a member of Hovde Capital, L.L.C., the general partner (GP) to Financial Institution Partners II, L.P., which owns 328,719 Shares; SDH is a member of Hovde Capital Limited IV LLC, GP to Financial Institution Partners IV, L.P., which owns 44,170 Shares; SDH is a member of Hovde Capital, Ltd., GP to Financial Institution Partners III, L.P., which owns 225,971 Shares; SDH is a member of Hovde Capital IV, LLC, GP to Financial Institution Partners, L.P., which owns 329,795 Shares; SDH is a member of Hovde Capital Offshore LLC, the management company to Financial Institution Partners, Ltd., which owns 125,590 Shares; SDH is a member of Hovde Acquisition II, L.L.C., which owns 30,000 Shares; SDH is a trustee to The Hovde Financial, Inc. Profit Sharing Plan and Trust, which owns 19,000 Shares; SDH is a trustee to The Eric D. and Steven D. Hovde Foundation, which owns 17,000 Shares. The Shares reported herein as being beneficially owned by Steven D. Hovde have also been reported as being beneficially owned by Eric D. Hovde on a Form 4 of even date herewith. STEVEN D. HOVDE 2005-07-06