X0303 4 2010-07-29 0 0001104349 CAPELLA EDUCATION CO CPLA 0001380292 RONNEBERG AMY L 225 SOUTH 6TH STREET 9TH FLOOR MINNEAPOLIS MN 55402 0 1 0 0 Vice President & Controller Common stock 2010-07-29 4 M 0 3332 20.00 A 3332 D Common stock 2010-07-29 4 M 0 1474 42.65 A 4806 D Common stock 2010-07-29 4 M 0 650 53.91 A 5456 D Common stock 2010-07-29 4 M 0 436 20.00 A 5892 D Common stock 2010-07-29 4 M 0 6030 20.00 A 11922 D Common stock 2010-07-29 4 S 0 11922 92.4407 D 0 D Common stock 1645 I By Retirement Savings Plan Stock option (right to buy) 20.00 2010-07-29 4 M 0 3332 0 D 2013-08-01 Common stock 3332 1110 D Stock option (right to buy) 42.65 2010-07-29 4 M 0 1474 0 D 2014-08-08 Common stock 1474 1473 D Stock option (right to buy) 53.91 2010-07-29 4 M 0 650 0 D 2015-08-13 Common stock 650 1950 D Stock option (right to buy) 20.00 2010-07-29 4 M 0 436 0 D 2015-08-11 Common stock 436 0 D Stock option (right to buy) 20.00 2010-07-29 4 M 0 6030 0 D 2015-10-26 Common stock 6030 0 D Shares vest as to 25% annually beginning on August 2, 2007. Shares vest as to 25% annually beginning August 9, 2008. Shares vest as to 25% annually beginning August 14, 2009. Immediately Sales made during normal course of business on July 29, 2010 at share prices ranging from $91.37 to $92.80. /s/ Kimberly F. Stephan, Attorney-in-Fact for Amy L. Ronneberg 2010-08-02