AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

BROWN ADVISORY INC's Holding History (CIK: 0001345929)

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

Q3 2013

Shares 6,676 Value ($000) $252 Avg Close $39.36 Range $36.65 - $41.15

Q2 2013

Shares 15,615 Value ($000) $581 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	6,676	$252	$39.36	$36.65 - $41.15
Q2 2013	15,615	$581	$36.06	$31.95 - $39.85