APOLLO ED GROUP INC

CUSIP: 037604105 Class: CL A

Kerrisdale Advisers, LLC's Holding History (CIK: 0001569688)

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

Q3 2013
Shares 205,655 Value ($000) $4,280 Avg Close — Range —
Q2 2013
Shares 87,891 Value ($000) $1,557 Avg Close — Range —