GRAND CANYON ED INC

Ticker: LOPE CUSIP: 38526M106 Class: COM

NEXT CENTURY GROWTH INVESTORS LLC's Holding History (CIK: 0001134007)

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

Q3 2014

Shares 385,824 Value ($000) $15,730 Avg Close $43.51 Range $40.24 - $47.76

Q2 2014

Shares 784,429 Value ($000) $36,060 Avg Close $45.02 Range $41.63 - $47.89

Q1 2014

Shares 782,069 Value ($000) $36,522 Avg Close $46.34 Range $41.71 - $51.12

Q4 2013

Shares 821,901 Value ($000) $35,834 Avg Close $43.87 Range $38.50 - $50.48

Q3 2013

Shares 1,297,429 Value ($000) $52,260 Avg Close $35.67 Range $32.33 - $40.80

Q2 2013

Shares 1,320,117 Value ($000) $42,547 Avg Close $28.81 Range $23.09 - $34.07

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	385,824	$15,730	$43.51	$40.24 - $47.76
Q2 2014	784,429	$36,060	$45.02	$41.63 - $47.89
Q1 2014	782,069	$36,522	$46.34	$41.71 - $51.12
Q4 2013	821,901	$35,834	$43.87	$38.50 - $50.48
Q3 2013	1,297,429	$52,260	$35.67	$32.33 - $40.80
Q2 2013	1,320,117	$42,547	$28.81	$23.09 - $34.07