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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1201792	American Public Education Inc	APEI	Services-Educational Services (8200)	010724376

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1417449	B. Frank Mccluskey	111 W. Congress Street Charles Town WV 25414	Evp, Provost	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $.01	Acquisiton	2010-06-11	15,000	$1.67	46,757	No	4	M	Direct
Common Stock, Par Value $.01	Disposition	2011-02-18	15,197	$40.00	31,560	No	4	S	Direct
Common Stock, Par Value $.01	Disposition	2011-02-22	21,782	$42.74	9,778	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2010-06-11	15,000	$0.00	15,000	$1.67

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
197		2015-04-10	No	4	M	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Sales Plan adopted by the reporting person on June 15, 2010, which is intended to comply with Rule 10b5-1.
The price of $42.74 per share represents a weighted average of sales prices ranging from $42.70 to $42.88 per share. The reporting person undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
As of the date of exercise, all shares subject to the option were exercisable.