NORTON PHILLIP G 4
4 · EPLUS INC · Filed Aug 2, 2018
Insider Transaction Report
Form 4
EPLUS INCPLUS
NORTON PHILLIP G
DirectorPresident/CEO10% Owner
Transactions
- Award
Common Stock
2018-08-01+114→ 26,213 total - Gift
Common Stock
2017-05-11−3,500→ 26,099 total
Footnotes (2)
- [F1]This transaction represents a charitable donation.
- [F2]On August 1, 2018, Mr. Norton retired as an employee of ePlus inc. (the "Company") and remains on ePlus' Board as an Outside Director. Pursuant to the 2017 Non-Employee Director Long-Term Incentive Plan (the "Plan"), upon becoming an Outside Director he was granted a restricted stock award of 114 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares 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.