GRAND CANYON ED INC

Ticker: LOPE CUSIP: 38526M106 Class: COM

Spark Investment Management LLC's Holding History (CIK: 0001554871)

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

Q4 2017

Shares 31,510 Value ($000) $2,821 Avg Close $90.48 Range $83.52 - $96.15

Q3 2017

Shares 44,100 Value ($000) $4,005 Avg Close $80.14 Range $71.01 - $91.12

Q2 2017

Shares 82,300 Value ($000) $6,453 Avg Close $76.53 Range $68.77 - $83.00

Q1 2017

Shares 18,800 Value ($000) $1,346 Avg Close $62.10 Range $56.52 - $72.16

Q1 2014

Shares 23,700 Value ($000) $1,106 Avg Close $46.34 Range $41.71 - $51.12

Q4 2013

Shares 23,700 Value ($000) $1,033 Avg Close $43.87 Range $38.50 - $50.48

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	31,510	$2,821	$90.48	$83.52 - $96.15
Q3 2017	44,100	$4,005	$80.14	$71.01 - $91.12
Q2 2017	82,300	$6,453	$76.53	$68.77 - $83.00
Q1 2017	18,800	$1,346	$62.10	$56.52 - $72.16
Q1 2014	23,700	$1,106	$46.34	$41.71 - $51.12
Q4 2013	23,700	$1,033	$43.87	$38.50 - $50.48