AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

HBK INVESTMENTS L P's Holding History (CIK: 0001011443)

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

Q4 2018

Shares 10,225 Value ($000) $291 Avg Close $30.66 Range $26.37 - $37.00

Q3 2018

Shares 12,170 Value ($000) $402 Avg Close $38.29 Range $30.45 - $46.15

Q2 2018

Shares 32,681 Value ($000) $1,376 Avg Close $41.81 Range $36.55 - $45.75

Q1 2018

Shares 29,400 Value ($000) $1,264 Avg Close $30.67 Range $23.15 - $45.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	10,225	$291	$30.66	$26.37 - $37.00
Q3 2018	12,170	$402	$38.29	$30.45 - $46.15
Q2 2018	32,681	$1,376	$41.81	$36.55 - $45.75
Q1 2018	29,400	$1,264	$30.67	$23.15 - $45.75