CAPELLA EDUCATION COMPANY

CUSIP: 139594105 Class: COM

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q3 2016
Shares 1,200 Value ($000) $70 Avg Close — Range —
Q2 2016
Shares 1,500 Value ($000) $79 Avg Close — Range —
Q1 2016
Shares 1,500 Value ($000) $79 Avg Close — Range —
Q4 2015
Shares 1,900 Value ($000) $88 Avg Close — Range —
Q3 2015
Shares 1,900 Value ($000) $94 Avg Close — Range —
Q2 2015
Shares 1,900 Value ($000) $102 Avg Close — Range —
Q1 2015
Shares 14,600 Value ($000) $947 Avg Close — Range —
Q4 2014
Shares 12,800 Value ($000) $985 Avg Close — Range —
Q3 2014
Shares 1,000 Value ($000) $63 Avg Close — Range —
Q2 2014
Shares 1,700 Value ($000) $92 Avg Close — Range —
Q1 2014
Shares 1,700 Value ($000) $107 Avg Close — Range —
Q4 2013
Shares 1,700 Value ($000) $113 Avg Close — Range —
Q3 2013
Shares 1,700 Value ($000) $96 Avg Close — Range —