Insider Trades - ENDEAVOUR CAPITAL FUND IV LP

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ENDEAVOUR CAPITAL FUND IV LP: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Grand Canyon Education, Inc. Beneficial Owner (10% or more) NasdaqGS:LOPE (historical quotes, profile, other insiders)	18-Sep-09	5,395,750	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
18-Sep-09 3,129,074 LOPE Sale at $15.68 per share.
(Proceeds of $49,063,880)
19-Nov-08 8,524,824 LOPE Acquisition (Non Open Market)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
18-Sep-09	3,129,074	LOPE	Sale at $15.68 per share. (Proceeds of $49,063,880)
19-Nov-08	8,524,824	LOPE	Acquisition (Non Open Market)