AMERICAN PUBLIC EDUCATION IN

Ticker: APEI CUSIP: 02913V103 Class: Common Stock

Empirical Finance, LLC's Holding History (CIK: 0001572838)

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

Q4 2016

Shares 113 Value ($000) $3 Avg Close $22.36 Range $14.75 - $27.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	113	$3	$22.36	$14.75 - $27.20