GRAND CANYON ED INC

Ticker: LOPE CUSIP: 38526M106 Class: COM

Aurora Investment Counsel's Holding History (CIK: 0001316397)

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

Q4 2014

Shares 26,238 Value ($000) $1,224 Avg Close $44.62 Range $36.95 - $51.99

Q3 2014

Shares 26,623 Value ($000) $1,085 Avg Close $43.51 Range $40.24 - $47.76

Q2 2014

Shares 27,488 Value ($000) $1,264 Avg Close $45.02 Range $41.63 - $47.89

Q1 2014

Shares 27,548 Value ($000) $1,286 Avg Close $46.34 Range $41.71 - $51.12

Q4 2013

Shares 30,871 Value ($000) $1,346 Avg Close $43.87 Range $38.50 - $50.48

Q3 2013

Shares 39,372 Value ($000) $1,584 Avg Close $35.67 Range $32.33 - $40.80

Q2 2013

Shares 39,612 Value ($000) $1,341 Avg Close $28.81 Range $23.09 - $34.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	26,238	$1,224	$44.62	$36.95 - $51.99
Q3 2014	26,623	$1,085	$43.51	$40.24 - $47.76
Q2 2014	27,488	$1,264	$45.02	$41.63 - $47.89
Q1 2014	27,548	$1,286	$46.34	$41.71 - $51.12
Q4 2013	30,871	$1,346	$43.87	$38.50 - $50.48
Q3 2013	39,372	$1,584	$35.67	$32.33 - $40.80
Q2 2013	39,612	$1,341	$28.81	$23.09 - $34.07