Beimler Irving R 4
4 · EPLUS INC · Filed Sep 29, 2008
Insider Transaction Report
Form 4
EPLUS INCPLUS
Beimler Irving R
Director
Transactions
- Award
Common Stock, par value $0.01
2008-09-25$0.01/sh+3,211$32→ 3,211 total
Footnotes (1)
- [F1]On September 25, 2008, Mr. Beimler, a director of ePlus, Inc. (the "Company"), was granted two restricted stock awards, each consisting of 3,211 restricted shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted pursuant to the Company's 2008 Non-Employee Director Long Term Incentive Plan (the "Plan") and 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 shares of Restricted Stock (the "Restriction Period"). In the event that the participant ceases to be a member of the Board before the applicable Restriction Period has expired or under circumstances in which the Restriction Period does not otherwise lapse, the Restricted Stock will thereupon be forfeited and transferred back to the Company.