GRAND CANYON ED INC

Ticker: LOPE CUSIP: 38526M106 Class: COM

LANDSCAPE CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001536186)

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

Q1 2016

Shares 41,056 Value ($000) $1,755 Avg Close $38.54 Range $31.12 - $43.37

Q4 2015

Shares 16,140 Value ($000) $648 Avg Close $39.37 Range $36.18 - $42.81

Q3 2015

Shares 40,000 Value ($000) $1,520 Avg Close $40.18 Range $35.38 - $45.17

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	41,056	$1,755	$38.54	$31.12 - $43.37
Q4 2015	16,140	$648	$39.37	$36.18 - $42.81
Q3 2015	40,000	$1,520	$40.18	$35.38 - $45.17