CAPELLA EDUCATION COMPANY

CUSIP: 139594105 Class: COM

Ranger Investment Management, L.P.'s Holding History (CIK: 0001319691)

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

Q2 2015
Shares 11,190 Value ($000) $601 Avg Close — Range —
Q1 2015
Shares 433,726 Value ($000) $28,140 Avg Close — Range —
Q4 2014
Shares 435,316 Value ($000) $33,502 Avg Close — Range —
Q3 2014
Shares 445,135 Value ($000) $27,865 Avg Close — Range —
Q2 2014
Shares 450,531 Value ($000) $24,504 Avg Close — Range —
Q1 2014
Shares 468,025 Value ($000) $29,556 Avg Close — Range —