SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CARROLL ROBERT

(Last)

(First)

(Middle)

C/O APOLLO GROUP INC

4615 E. ELWOOD ST

(Street)

PHOENIX

85040

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
APOLLO GROUP INC [ APOL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		Former Chief Information Offic

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	01/30/2006		M		5,212	A	$6.5022	9,588	D
Class A Common Stock	01/30/2006		S		5,212	D	$55.93	4,376	D
Class A Common Stock	01/30/2006		M		9,328	A	$6.5022	13,704	D
Class A Common Stock	01/30/2006		S		9,328	D	$55.95	4,376	D
Class A Common Stock	01/30/2006		M		1,200	A	$6.5022	5,576	D
Class A Common Stock	01/30/2006		S		1,200	D	$55.96	4,376	D
Class A Common Stock	01/30/2006		M		400	A	$6.5022	4,776	D
Class A Common Stock	01/30/2006		S		400	D	$55.97	4,376	D
Class A Common Stock	01/30/2006		M		100	A	$6.5022	4,476	D
Class A Common Stock	01/30/2006		S		100	D	$55.99	4,376	D
Class A Common Stock	01/30/2006		M		888	A	$6.5022	5,264	D
Class A Common Stock	01/30/2006		S		888	D	$56.02	4,376	D
Class A Common Stock	01/30/2006		M		1,600	A	$6.5022	5,976	D
Class A Common Stock	01/30/2006		S		1,600	D	$56.04	4,376	D
Class A Common Stock	01/30/2006		M		3,411	A	$6.5022	7,787	D
Class A Common Stock	01/30/2006		S		3,411	D	$56.05	4,376	D
Class A Common Stock	01/30/2006		M		4,402	A	$6.5022	8,778	D
Class A Common Stock	01/30/2006		S		4,402	D	$56.19	4,376	D
Class A Common Stock	01/31/2006		M		150	A	$29.3267	4,526	D
Class A Common Stock	01/31/2006		S		150	D	$56	4,376	D
Class A Common Stock	01/31/2006		M		1,875	A	$23.3333	6,251	D
Class A Common Stock	01/31/2006		S		1,875	D	$56	4,376	D
Class A Common Stock	01/31/2006		M		25,000	A	$41.92	29,376	D
Class A Common Stock	01/31/2006		S		25,000	D	$56	4,376	D
Class A Common Stock	01/31/2006		M		32,854	A	$6.5022	37,230	D
Class A Common Stock	01/31/2006		S		32,854	D	$55.8	4,376	D
Class A Common Stock	01/31/2006		M		3,697	A	$6.5022	8,073	D
Class A Common Stock	01/31/2006		S		3,697	D	$55.85	4,376	D
Class A Common Stock	01/31/2006		M		2,374	A	$6.5022	6,750	D
Class A Common Stock	01/31/2006		S		2,374	D	$56	4,376	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			5,212	08/31/2002	09/27/2010	Class A Common Stock	5,212	$0	60,254	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			9,328	08/31/2002	09/27/2010	Class A Common Stock	9,328	$0	50,926	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			1,200	08/31/2002	09/27/2010	Class A Common Stock	1,200	$0	49,726	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			400	08/31/2002	09/27/2010	Class A Common Stock	400	$0	49,326	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			100	08/31/2002	09/27/2010	Class A Common Stock	100	$0	49,226	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			888	08/31/2002	09/27/2010	Class A Common Stock	888	$0	48,338	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			1,600	08/31/2002	09/27/2010	Class A Common Stock	1,600	$0	46,738	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			3,411	08/31/2002	09/27/2010	Class A Common Stock	3,411	$0	43,327	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/30/2006		M			4,402	08/31/2002	09/27/2010	Class A Common Stock	4,402	$0	38,925	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/31/2006		M			32,854	08/31/2002	09/27/2010	Class A Common Stock	32,854	$0	6,071	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/31/2006		M			3,697	08/31/2002	09/27/2010	Class A Common Stock	3,697	$0	2,374	D
Non-Qualified Stock Option (right to buy)	$6.5022	01/31/2006		M			2,374	08/31/2002	09/27/2010	Class A Common Stock	2,374	$0	0	D
Non-Qualified Stock Option (right to buy)	$23.3333	01/31/2006		M			1,875	08/31/2005	09/21/2011	Class A Common Stock	1,875	$0	0	D
Non-Qualified Stock Option (right to buy)	$29.3267	01/31/2006		M			150	01/02/2003	01/02/2012	Class A Common Stock	150	$0	0	D
Non-Qualified Stock Option (right to buy)	$41.92	01/31/2006		M			25,000	08/31/2003	10/22/2012	Class A Common Stock	25,000	$0	0	D

Explanation of Responses:

	/s/ Robert Carroll	02/01/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.