AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

ProShare Advisors LLC's Holding History (CIK: 0001357955)

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

Q2 2014

Shares 9,210 Value ($000) $317 Avg Close $34.85 Range $32.51 - $38.00

Q1 2014

Shares 18,201 Value ($000) $638 Avg Close $40.58 Range $33.47 - $46.62

Q3 2013

Shares 11,502 Value ($000) $435 Avg Close $39.36 Range $36.65 - $41.15

Q2 2013

Shares 12,428 Value ($000) $462 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	9,210	$317	$34.85	$32.51 - $38.00
Q1 2014	18,201	$638	$40.58	$33.47 - $46.62
Q3 2013	11,502	$435	$39.36	$36.65 - $41.15
Q2 2013	12,428	$462	$36.06	$31.95 - $39.85