CAPELLA EDUCATION COMPANY

CUSIP: 139594105 Class: COM

CLARK ESTATES INC/NY's Holding History (CIK: 0001056466)

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

Q2 2016

Shares 51,800 Value ($000) $2,727 Avg Close — Range —

Q1 2016

Shares 51,800 Value ($000) $2,727 Avg Close — Range —

Q4 2015

Shares 50,000 Value ($000) $2,311 Avg Close — Range —

Q3 2015

Shares 50,000 Value ($000) $2,476 Avg Close — Range —

Q2 2015

Shares 50,000 Value ($000) $2,684 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	51,800	$2,727	—	—
Q1 2016	51,800	$2,727	—	—
Q4 2015	50,000	$2,311	—	—
Q3 2015	50,000	$2,476	—	—
Q2 2015	50,000	$2,684	—	—