AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

RBF Capital, LLC's Holding History (CIK: 0001134621)

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

Q2 2017

Shares 9,000 Value ($000) $213 Avg Close $22.88 Range $20.65 - $26.30

Q1 2017

Shares 9,000 Value ($000) $206 Avg Close $23.24 Range $19.35 - $26.20

Q4 2016

Shares 9,000 Value ($000) $221 Avg Close $22.36 Range $14.75 - $27.20

Q2 2016

Shares 9,000 Value ($000) $253 Avg Close $24.83 Range $19.25 - $28.64

Q2 2013

Shares 12,500 Value ($000) $465 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	9,000	$213	$22.88	$20.65 - $26.30
Q1 2017	9,000	$206	$23.24	$19.35 - $26.20
Q4 2016	9,000	$221	$22.36	$14.75 - $27.20
Q2 2016	9,000	$253	$24.83	$19.25 - $28.64
Q2 2013	12,500	$465	$36.06	$31.95 - $39.85