AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

ELEMENT CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001535630)

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

Q1 2019

Shares 7,475 Value ($000) $225 Avg Close $30.83 Range $27.20 - $34.86

Q2 2018

Shares 9,402 Value ($000) $396 Avg Close $41.81 Range $36.55 - $45.75

Q1 2018

Shares 9,936 Value ($000) $427 Avg Close $30.67 Range $23.15 - $45.75

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	7,475	$225	$30.83	$27.20 - $34.86
Q2 2018	9,402	$396	$41.81	$36.55 - $45.75
Q1 2018	9,936	$427	$30.67	$23.15 - $45.75