AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

STEVENS CAPITAL MANAGEMENT LP's Holding History (CIK: 0001134813)

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

Q3 2016

Shares 11,289 Value ($000) $224 Avg Close $24.22 Range $18.53 - $30.79

Q4 2015

Shares 11,178 Value ($000) $208 Avg Close $21.97 Range $18.56 - $25.17

Q1 2015

Shares 7,903 Value ($000) $237 Avg Close $33.33 Range $29.13 - $37.08

Q3 2013

Shares 5,786 Value ($000) $219 Avg Close $39.36 Range $36.65 - $41.15

Q2 2013

Shares 6,127 Value ($000) $228 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	11,289	$224	$24.22	$18.53 - $30.79
Q4 2015	11,178	$208	$21.97	$18.56 - $25.17
Q1 2015	7,903	$237	$33.33	$29.13 - $37.08
Q3 2013	5,786	$219	$39.36	$36.65 - $41.15
Q2 2013	6,127	$228	$36.06	$31.95 - $39.85