SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 4)*
ePLUS, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
55305V107
(CUSIP Number)
BARRY E. JOHNSON
THAYER CAPITAL PARTNERS
1455 PENNSYLVANIA AVENUE, N.W., SUITE 350
WASHINGTON, D.C. 20004
(202) 371-0150
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
DECEMBER 14, 2001
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box | |.
(Continued on following pages)
(Page 1 of 11 Pages)
----------------
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
------------------- --------------------
CUSIP NO. 55305V107 13D/A PAGE 2 OF 11 PAGES
------------------- --------------------
-------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
TC Plus, LLC (formerly know as TC Leasing, LLC)
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) | |
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3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) | |
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| |
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------------------
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CUSIP NO. 55305V107 13D/A PAGE 3 OF 11 PAGES
------------------- --------------------
-------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thayer Equity Investors III, L.P.
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) | |
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) | |
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| |
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
--------------------------------------------------------------------------------------------
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CUSIP NO. 55305V107 13D/A PAGE 4 OF 11 PAGES
------------------- --------------------
-------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
TC Equity Partners, L.L.C.
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) | |
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) | |
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| |
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------------------------------------------------------------------------------------------
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CUSIP NO. 55305V107 13D/A PAGE 5 OF 11 PAGES
------------------- --------------------
-------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Frederic V. Malek
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) | |
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) | |
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| | Beneficial ownership of all shares disclosed in this Statement is
disclaimed by Mr. Malek, except to the extent of his pecuniary interest
therein.
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------
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CUSIP NO. 55305V107 13D/A PAGE 6 OF 11 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Carl J. Rickertsen
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) | |
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) | |
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| | Beneficial ownership of all shares disclosed in this Statement is
disclaimed by Mr. Rickertsen, except to the extent of his pecuniary interest
therein.
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------
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CUSIP NO. 55305V107 13D/A PAGE 7 OF 11 PAGES
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Paul G. Stern
--------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | |
(b) | |
--------------------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) | |
--------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
--------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
| | Beneficial ownership of all shares disclosed in this Statement is
disclaimed by Dr. Stern, except to the extent of his pecuniary interest
therein.
--------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------------------
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CUSIP NO. 55305V107 13D/A PAGE 8 OF 11 PAGES
------------------- --------------------
This Amendment No. 4 to Schedule 13D relating to the common
stock, par value $0.01 per share (the "Common Stock"), of ePlus, Inc., a
Delaware corporation (the "Company"), is being filed on behalf of (i) TC Plus,
LLC, a Delaware limited liability company ("Plus"), (ii) Thayer Equity
Investors, III, L.P., a Delaware limited partnership ("Thayer"), (iii) TC Equity
Partners, L.L.C., a Delaware limited liability company ("Equity"), (iv) Frederic
V. Malek, (v) Carl J. Rickersten, and (vi) Paul G. Stern. This Amendment No. 4
is being filed to amend the Schedule 13D which was originally filed with the
Securities and Exchange Commission ("SEC") on November 2, 1998 (the "Schedule
13D"). Unless otherwise indicated, all capitalized terms used herein but not
defined herein shall have the meaning as set forth in the Schedule 13D, as
amended.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended and supplemented by adding the following
thereto:
On December 14, 2001, Plus sold 125,000 shares of Common Stock of
the Company on the open market at a price of $9.90 per share generating gross
proceeds of $1,237,500 and on December 17, 2001, Plus sold 890,014 shares of
Common Stock of the Company in a privately negotiated transaction at a price of
$9.40 per share generating gross proceeds of $8,366,131.60 (collectively, the
"Recent Sales"). As a result of the Recent Sales, the Reporting Persons do not
hold any ownership interest in the Company.
ITEM 5. INTEREST IN SECURITIES OF THE COMPANY.
Item 5 is hereby amended to state in its entirety as follows:
(a)-(b) The aggregate number and percentage of outstanding shares of
Common Stock beneficially owned by each of the Reporting Persons are set forth
below.
Name of Number of Shares Percent of Outstanding
Beneficial Owner Beneficially Owned Shares Owned
---------------- ------------------ ---------------------
TC Plus, LLC 0 0.0%
Thayer Equity Investors III, L.P. (1) 0 0.0%
TC Equity Partners, L.L.C. (2) 0 0.0%
Frederic V. Malek 0 0.0%
Carl J. Rickertsen 0 0.0%
Paul G. Stern 0 0.0%
---------------------
(1) Thayer is the managing member of Plus.
(2) TC Equity is the sole general partner of Thayer and had sole
voting and investment power with respect to shares of Common
Stock held of record by Plus.
(c) On December 14, 2001, Plus sold 125,000 shares of Common Stock
of the Company on the open market at a price of $9.90 per share generating gross
proceeds of $1,237,500 and on December 17, 2001, Plus sold 890,014 shares of
Common Stock of the Company in a privately negotiated transaction at a price of
$9.40 per share generating gross proceeds of $8,366,131.60. As a result of the
Recent Sales, the Reporting Persons do not hold any ownership interest in the
Company.
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CUSIP NO. 55305V107 13D/A PAGE 9 OF 11 PAGES
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(d) Not applicable.
(e) The Reporting Persons ceased to be the beneficial owners of
over 5% of the Common Stock of the Company on December 17, 2001.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT NO. TITLE
----------- -----
1 Joint Filing Agreement, dated October 30, 1998, among TC Leasing, LLC, Thayer Equity
Investors III, L.P., TC Equity Partners, L.L.C., Frederic V. Malek, Carl J. Rickertsen
and Paul G. Stern.*
2 Joint Filing Agreement, dated December 22, 1999, among TC Leasing, LLC, Thayer Equity
Investors III, L.P., TC Equity Partners, L.L.C., Frederic V. Malek, Carl J.
Rickertsen and Paul G. Stern.**
3 Joint Filing Agreement, dated January 11, 2002, among TC Plus, LLC, Thayer Equity
Investors III L.P., TC Equity Partners, L.L.C., Frederic V. Malek, Carl J.
Rickertsen and Paul G. Stern.
4 Power of Attorney dated July 15, 2001.
------------------
* Incorporated by reference to Exhibit 1 to the Schedule 13D of the Reporting
Persons with respect to the Common Stock of the Company, filed on
November 2, 1998.
** Incorporated by reference to Exhibit 1 to the Schedule 13D of the Reporting
Persons with respect to the Common Stock of the Company, filed on
December 23, 1999.
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CUSIP NO. 55305V107 13D/A PAGE 10 OF 11 PAGES
------------------- --------------------
SIGNATURES
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: January 11, 2002
THAYER EQUITY INVESTORS III, L.P., TC PLUS, LLC,
a Delaware limited partnership a Delaware limited liability company
By: TC Equity Partners, L.L.C.,
a Delaware limited liability company, /s/ Barry E. Johnson
its General Partner ---------------------------
Barry E. Johnson
Authorized Representative
/s/ Barry E. Johnson
------------------------------------
Barry E. Johnson
Secretary, Treasurer and
Chief Financial Officer
TC EQUITY PARTNERS, L.L.C.,
a Delaware limited liability company
/s/ Barry E. Johnson
------------------------------------
Barry E. Johnson
Secretary, Treasurer and
Chief Financial Officer
/s/ Barry E. Johnson /s/ Barry E. Johnson
-------------------------------------------- ----------------------------
FREDERIC V. MALEK CARL J. RICKERTSEN
By: Barry E. Johnson By: Barry E. Johnson
Attorney-in-fact Attorney-in-fact
/s/ Barry E. Johnson
--------------------------------------------
PAUL G. STERN
By: Barry E. Johnson
Attorney-in-fact
------------------- --------------------
CUSIP NO. 55305V107 13D/A PAGE 11 OF 11 PAGES
------------------- --------------------
EXHIBIT LIST
EXHIBIT NO. TITLE
----------- -----
1 Joint Filing Agreement, dated October 30, 1998, among TC Leasing, LLC, Thayer Equity
Investors III, L.P., TC Equity Partners, L.L.C., Frederic V. Malek, Carl J. Rickertsen
and Paul G. Stern.*
2 Joint Filing Agreement, dated December 22, 1999, among TC Leasing, LLC, Thayer Equity
Investors III, L.P., TC Equity Partners, L.L.C., Frederic V. Malek, Carl J.
Rickertsen and Paul G. Stern.**
3 Joint Filing Agreement, dated January 11, 2002, among TC Plus, LLC, Thayer Equity
Investors III L.P., TC Equity Partners, L.L.C., Frederic V. Malek, Carl J.
Rickertsen and Paul G. Stern.
4 Power of Attorney dated July 15, 2001.
------------------
* Incorporated by reference to Exhibit 1 to the Schedule 13D of the Reporting
Persons with respect to the Common Stock of the Company, filed on
November 2, 1998.
** Incorporated by reference to Exhibit 1 to the Schedule 13D of the Reporting
Persons with respect to the Common Stock of the Company, filed on
December 23, 1999.