X0202 4 2006-11-15 0001104349 CAPELLA EDUCATION CO CPLA 0001188444 REYNOLDS JON Q JR C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 1 0 1 1 May be part of 13(g) group 0001082906 HOAG JAY C C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 May be part of 13(g) group 0001197937 KIMBALL RICK C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 May be part of 13(g) group 0001188456 DREW JOHN C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 May be part of 13(g) group 0001188458 GRIFFITH WILLIAM C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 May be part of 13(g) group 0001211137 FEINBERG HENRY C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 May be part of 13(g) group 0001283643 TECHNOLOGY CROSSOVER MANAGEMENT V LLC C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 May be part of 13(g) group 0001274664 TCV V LP C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 May be part of 13(g) group 0001283642 TCV MEMBER FUND L P C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 May be part of 13(g) group Common Stock 2006-11-15 4 C 0 68868 A 75157 I TCV V, L.P. Common Stock 2006-11-15 4 C 0 1301 A 1420 I TCV Member Fund, L.P. Common Stock 2006-11-15 4 C 0 1372195 A 1447352 I TCV V, L.P. Common Stock 2006-11-15 4 C 0 25919 A 27339 I TCV Member Fund, L.P. Common Stock 2006-11-15 4 C 0 376872 A 1824224 I TCV V, L.P. Common Stock 2006-11-15 4 C 0 7118 A 34457 I TCV Member Fund, L.P. Common Stock 2006-11-15 4 P 0 98070 20.00 A 1922294 I TCV V, L.P. Common Stock 2006-11-15 4 P 0 1930 20.00 A 36387 I TCV Member Fund, L.P. Class B Preferred Stock 2006-11-15 4 C 0 68868 D Common Stock 68868 0 I TCV V, L.P. Class B Preferred Stock 2006-11-15 4 C 0 1301 D Common Stock 1301 0 I TCV Member Fund, L.P. Class E Preferred Stock 2006-11-15 4 C 0 1318932 D Common Stock 1372195 0 I TCV V, L.P. Class E Preferred Stock 2006-11-15 4 C 0 24913 D Common Stock 25919 0 I TCV Member Fund, L.P. Class G Preferred Stock 2006-11-15 4 C 0 376872 D Common Stcok 376872 0 I TCV V, L.P. Class G Preferred Stock 2006-11-15 4 C 0 7118 D Common Stcok 7118 0 I TCV Member Fund, L.P. Each outstanding share of the Issuer's Class B and Class G Preferred Stock automatically converted into one (1) share of the Issuer's Common Stock upon the closing of the initial public offering of the Issuer's Common Stock ("IPO"). Upon the closing of the Issuer's IPO, each outstanding share of the Issuer's Class E Preferred Stock automatically converted into 1.040384 shares of the Issuer's Common Stock and is shown on an as converted basis. These shares are directly held by TCV V, L.P. Each of Jon Q. Reynolds, Jr. ("Reynolds"), Jay C. Hoag ("Hoag"), Richard H. Kimball ("Kimball"), John L. Drew ("Drew"), William J.G. Griffith IV ("Griffith") and Henry J. Feinberg ("Feinberg") (collectively the "TCM Members") are Class A members of Technology Crossover Management V, L.L.C. ("TCM V") which is a general partner of TCV V, L.P. The TCM Members and TCM V may be deemed to beneficially own the shares held by TCV V, L.P. but the TCM Members and TCM V disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein. These shares are directly held by TCV Member Fund, L.P. Each of the TCM Members are members of TCM V which is a general partner of TCV Member Fund, L.P. The TCM Members and TCM V may be deemed to beneficially own the shares held by TCV Member Fund, L.P. but the TCM Members and TCM V disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein. Immediately. Not applicable. Carla S. Newell Authorized signatory for Jon Q. Reynolds Jr. 2006-11-17 Carla S. Newell Authorized signatory for Jay C. Hoag 2006-11-17 Carla S. Newell Authorized signatory for Richard H. Kimball 2006-11-17 Carla S. Newell Authorized signatory for John L. Drew 2006-11-17 Carla S. Newell Authorized signatory for William J.G. Griffith IV 2006-11-17 Carla S. Newell Authorized signatory for Henry J. Feinberg 2006-11-17 Carla S. Newell Authorized signatory for Technology Crossover Management V, L.L.C. 2006-11-17 Carla S. Newell Authorized signatory for TCV V, L.P. 2006-11-17 Carla S. Newell Authorized signatory for TCV V Member Fund, L.P. 2006-11-17