APOLLO ED GROUP INC

CUSIP: 037604105 Class: CL A

LEUTHOLD GROUP, LLC's Holding History (CIK: 0001170152)

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

Q1 2014
Shares 374,556 Value ($000) $12,825 Avg Close — Range —
Q4 2013
Shares 490,957 Value ($000) $13,413 Avg Close — Range —
Q3 2013
Shares 480,266 Value ($000) $9,994 Avg Close — Range —
Q2 2013
Shares 257,409 Value ($000) $4,561 Avg Close — Range —