COOPER MILTON E 4
4 · EPLUS INC · Filed Jan 6, 2010
Insider Transaction Report
Form 4
EPLUS INCPLUS
COOPER MILTON E
Director
Transactions
- Award
Common Stock
2010-01-04+523→ 11,118 total
Footnotes (1)
- [F1]On January 4, 2010, Mr. Cooper, a director of ePlus inc. (the "Company"), was issued 523 restricted shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were issued pursuant to Mr. Cooper?s election to receive the Restricted Shares in lieu of cash compensation as permitted under the Company's 2008 Non-Employee Director Long Term Incentive Plan (the "Plan"). The Restricted Shares are subject to a Restriction Period beginning on the issue date and ending on the first anniversary of 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 (the "Restriction Period"). As more fully described in the Plan, under certain circumstances the restrictions may lapse.