AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

AVENIR CORP's Holding History (CIK: 0001033475)

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

Q1 2014

Shares 54,487 Value ($000) $1,911 Avg Close $40.58 Range $33.47 - $46.62

Q4 2013

Shares 79,887 Value ($000) $3,473 Avg Close $41.26 Range $34.40 - $46.69

Q3 2013

Shares 117,524 Value ($000) $4,442 Avg Close $39.36 Range $36.65 - $41.15

Q2 2013

Shares 117,524 Value ($000) $4,367 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	54,487	$1,911	$40.58	$33.47 - $46.62
Q4 2013	79,887	$3,473	$41.26	$34.40 - $46.69
Q3 2013	117,524	$4,442	$39.36	$36.65 - $41.15
Q2 2013	117,524	$4,367	$36.06	$31.95 - $39.85