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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1434588	Grand Canyon Education Inc.	LOPE	Services-Educational Services (8200)	203356009

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1447566	C. Christopher Richardson	3300 W. Camelback Road Phoenix AZ 85017		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-05-11	54,795	$18.21	307,275	No	4	S	Indirect	C&H Capital LLC
Common Stock	Disposition	2012-05-14	34,700	$18.00	272,575	No	4	S	Indirect	C&H Capital LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	C&H Capital LLC
No	4	S	Indirect	C&H Capital LLC

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.10 to $18.38, inclusive. The reporting person undertakes to provide to Grand Canyon Education, Inc., any security holder of Grand Canyon Education, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.00 to $18.01, inclusive.