ITT EDUCATIONAL SERVICES INC

Ticker: ESINQ CUSIP: 45068B109 Class: COM

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q1 2016

Shares 52,914 Value ($000) $164 Avg Close $2.91 Range $2.22 - $3.97

Q4 2013

Shares 6,698 Value ($000) $225 Avg Close $35.90 Range $27.97 - $42.80

Q2 2013

Shares 12,991 Value ($000) $317 Avg Close $20.57 Range $11.95 - $28.52

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	52,914	$164	$2.91	$2.22 - $3.97
Q4 2013	6,698	$225	$35.90	$27.97 - $42.80
Q2 2013	12,991	$317	$20.57	$11.95 - $28.52