Insider Trades - RICHARDSON CHRISTOPHER C.

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RICHARDSON CHRISTOPHER C.: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Grand Canyon Education, Inc. Officer NasdaqGS:LOPE (historical quotes, profile, other insiders)	19-May-09 18-Sep-09	0 2,762,370 2,762,370	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
18-Sep-09 *741,666 LOPE Sale at $15.68 per share.
(Proceeds of $11,629,322)
19-May-09 *3,504,036 LOPE Acquisition (Non Open Market) at $0 per share.
19-May-09 3,504,036 LOPE Disposition (Non Open Market) at $0 per share.
19-Nov-08 *155,719 LOPE Acquisition (Non Open Market)
19-Nov-08 *3,059,476 LOPE Statement of Ownership

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
18-Sep-09	*741,666	LOPE	Sale at $15.68 per share. (Proceeds of $11,629,322)
19-May-09	*3,504,036	LOPE	Acquisition (Non Open Market) at $0 per share.
19-May-09	3,504,036	LOPE	Disposition (Non Open Market) at $0 per share.
19-Nov-08	*155,719	LOPE	Acquisition (Non Open Market)
19-Nov-08	*3,059,476	LOPE	Statement of Ownership