AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

HEARTLAND ADVISORS INC's Holding History (CIK: 0000937394)

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

Q3 2014

Shares 241,500 Value ($000) $6,518 Avg Close $31.51 Range $26.98 - $36.47

Q2 2014

Shares 620,342 Value ($000) $21,327 Avg Close $34.85 Range $32.51 - $38.00

Q1 2014

Shares 621,119 Value ($000) $21,789 Avg Close $40.58 Range $33.47 - $46.62

Q4 2013

Shares 241,153 Value ($000) $10,483 Avg Close $41.26 Range $34.40 - $46.69

Q3 2013

Shares 150,000 Value ($000) $5,670 Avg Close $39.36 Range $36.65 - $41.15

Q2 2013

Shares 150,000 Value ($000) $5,574 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	241,500	$6,518	$31.51	$26.98 - $36.47
Q2 2014	620,342	$21,327	$34.85	$32.51 - $38.00
Q1 2014	621,119	$21,789	$40.58	$33.47 - $46.62
Q4 2013	241,153	$10,483	$41.26	$34.40 - $46.69
Q3 2013	150,000	$5,670	$39.36	$36.65 - $41.15
Q2 2013	150,000	$5,574	$36.06	$31.95 - $39.85