CAPELLA EDUCATION COMPANY

CUSIP: 139594105 Class: COM

Nicholas Investment Partners, LP's Holding History (CIK: 0001389574)

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

Q1 2014
Shares 46,408 Value ($000) $2,930 Avg Close — Range —
Q4 2013
Shares 39,516 Value ($000) $2,625 Avg Close — Range —
Q3 2013
Shares 46,750 Value ($000) $2,644 Avg Close — Range —
Q2 2013
Shares 29,043 Value ($000) $1,210 Avg Close — Range —