AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q2 2018
Shares 294,320 Value ($000) $12,391 Avg Close $41.81 Range $36.55 - $45.75
Q1 2018
Shares 294,320 Value ($000) $12,656 Avg Close $30.67 Range $23.15 - $45.75
Q4 2017
Shares 164,320 Value ($000) $4,116 Avg Close $23.30 Range $19.30 - $27.40
Q3 2017
Shares 164,320 Value ($000) $3,459 Avg Close $20.33 Range $17.40 - $24.10
Q2 2017
Shares 164,320 Value ($000) $3,886 Avg Close $22.88 Range $20.65 - $26.30
Q1 2017
Shares 164,320 Value ($000) $3,763 Avg Close $23.24 Range $19.35 - $26.20
Q4 2016
Shares 164,320 Value ($000) $4,034 Avg Close $22.36 Range $14.75 - $27.20
Q3 2016
Shares 164,320 Value ($000) $3,255 Avg Close $24.22 Range $18.53 - $30.79
Q2 2016
Shares 328,320 Value ($000) $9,226 Avg Close $24.83 Range $19.25 - $28.64
Q1 2016
Shares 419,600 Value ($000) $8,656 Avg Close $17.56 Range $13.80 - $22.50
Q4 2015
Shares 767,000 Value ($000) $14,274 Avg Close $21.97 Range $18.56 - $25.17
Q3 2015
Shares 767,000 Value ($000) $17,986 Avg Close $23.89 Range $19.22 - $27.26
Q2 2015
Shares 767,000 Value ($000) $19,727 Avg Close $26.99 Range $21.30 - $32.56
Q1 2015
Shares 767,000 Value ($000) $22,995 Avg Close $33.33 Range $29.13 - $37.08
Q4 2014
Shares 725,000 Value ($000) $26,731 Avg Close $32.47 Range $26.24 - $37.46
Q3 2014
Shares 725,000 Value ($000) $19,568 Avg Close $31.51 Range $26.98 - $36.47