GRAND CANYON ED INC

Ticker: LOPE CUSIP: 38526M106 Class: COM

Pier Capital, LLC's Holding History (CIK: 0001310051)

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

Q2 2014

Shares 160,060 Value ($000) $7,358 Avg Close $45.02 Range $41.63 - $47.89

Q1 2014

Shares 175,500 Value ($000) $8,196 Avg Close $46.34 Range $41.71 - $51.12

Q4 2013

Shares 177,279 Value ($000) $7,729 Avg Close $43.87 Range $38.50 - $50.48

Q3 2013

Shares 184,430 Value ($000) $7,421 Avg Close $35.67 Range $32.33 - $40.80

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	160,060	$7,358	$45.02	$41.63 - $47.89
Q1 2014	175,500	$8,196	$46.34	$41.71 - $51.12
Q4 2013	177,279	$7,729	$43.87	$38.50 - $50.48
Q3 2013	184,430	$7,421	$35.67	$32.33 - $40.80