Polacek Steven L.

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2017-05-08	2017-05-05	Capella Education Co (CPLA)	S Sale	55,584 -28.6% 294.31 US$37,475	55,584 -28.6%	294.31	US$37,475
2017-05-04	2017-05-04	Capella Education Co (CPLA)	S Sale	43,501 -1.3% 282.55 US$3,959,640	43,501 -1.3%	282.55	US$3,959,640
2017-05-04	2017-05-03	Capella Education Co (CPLA)	S Sale	54,073 -32.6% 118.50 US$3,381,526	54,073 -32.6%	118.50	US$3,381,526
2017-02-23	2017-02-23	Capella Education Co (CPLA)	S Sale	3,175 -8.7% 76.00 US$241,300	3,175 -8.7%	76.00	US$241,300