AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

JANUS HENDERSON GROUP PLC's Holding History (CIK: 0001274173)

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

Q2 2015

Shares 116,800 Value ($000) $3,001 Avg Close $26.99 Range $21.30 - $32.56

Q1 2015

Shares 166,583 Value ($000) $4,993 Avg Close $33.33 Range $29.13 - $37.08

Q4 2014

Shares 165,051 Value ($000) $6,088 Avg Close $32.47 Range $26.24 - $37.46

Q3 2014

Shares 167,289 Value ($000) $4,518 Avg Close $31.51 Range $26.98 - $36.47

Q2 2014

Shares 166,558 Value ($000) $5,726 Avg Close $34.85 Range $32.51 - $38.00

Q1 2014

Shares 166,558 Value ($000) $5,840 Avg Close $40.58 Range $33.47 - $46.62

Q4 2013

Shares 166,558 Value ($000) $7,235 Avg Close $41.26 Range $34.40 - $46.69

Q3 2013

Shares 166,558 Value ($000) $6,296 Avg Close $39.36 Range $36.65 - $41.15

Q2 2013

Shares 166,558 Value ($000) $6,426 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	116,800	$3,001	$26.99	$21.30 - $32.56
Q1 2015	166,583	$4,993	$33.33	$29.13 - $37.08
Q4 2014	165,051	$6,088	$32.47	$26.24 - $37.46
Q3 2014	167,289	$4,518	$31.51	$26.98 - $36.47
Q2 2014	166,558	$5,726	$34.85	$32.51 - $38.00
Q1 2014	166,558	$5,840	$40.58	$33.47 - $46.62
Q4 2013	166,558	$7,235	$41.26	$34.40 - $46.69
Q3 2013	166,558	$6,296	$39.36	$36.65 - $41.15
Q2 2013	166,558	$6,426	$36.06	$31.95 - $39.85