AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

Van Berkom & Associates Inc.'s Holding History (CIK: 0001524408)

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

Q1 2015

Shares 165,746 Value ($000) $4,969 Avg Close $33.33 Range $29.13 - $37.08

Q4 2014

Shares 440,736 Value ($000) $16,250 Avg Close $32.47 Range $26.24 - $37.46

Q3 2014

Shares 903,907 Value ($000) $24,396 Avg Close $31.51 Range $26.98 - $36.47

Q2 2014

Shares 877,681 Value ($000) $30,175 Avg Close $34.85 Range $32.51 - $38.00

Q1 2014

Shares 869,651 Value ($000) $30,507 Avg Close $40.58 Range $33.47 - $46.62

Q4 2013

Shares 777,986 Value ($000) $33,819 Avg Close $41.26 Range $34.40 - $46.69

Q3 2013

Shares 800,586 Value ($000) $30,262 Avg Close $39.36 Range $36.65 - $41.15

Q2 2013

Shares 692,418 Value ($000) $25,730 Avg Close $36.06 Range $31.95 - $39.85

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	165,746	$4,969	$33.33	$29.13 - $37.08
Q4 2014	440,736	$16,250	$32.47	$26.24 - $37.46
Q3 2014	903,907	$24,396	$31.51	$26.98 - $36.47
Q2 2014	877,681	$30,175	$34.85	$32.51 - $38.00
Q1 2014	869,651	$30,507	$40.58	$33.47 - $46.62
Q4 2013	777,986	$33,819	$41.26	$34.40 - $46.69
Q3 2013	800,586	$30,262	$39.36	$36.65 - $41.15
Q2 2013	692,418	$25,730	$36.06	$31.95 - $39.85