X0202 4 2007-05-22 0 0000929887 APOLLO GROUP INC APOL 0001366176 Meyer William Stan 4615 EAST ELWOOD STREET PHOENIX AZ 85040 0 1 0 0 Vice President Non-Qualified Stock Option (right to buy) 63.79 2007-05-22 4 D 0 9600 D 2015-11-01 Class A Common Stock 9600 0 D Non-Qualified Stock Option (right to buy) 71.21 2007-05-22 4 A 0 9600 A 2015-11-01 Class A Common Stock 9600 9600 D On 11/1/05 the reporting person was granted an option to purchase 9,600 shares of the Issuer's Class A common stock at $63.79 per share (the fair market value on 11/1/05) and vesting in a series of 4 equal annual installments beginning on 8/31/06, subject to continued service with the Issuer. The actual grant date was subsequently determined to be 12/31/05, when the fair market value was $71.21 per share. To avoid adverse tax consequences, the reporting person and the Issuer agreed to amend the option to increase the exercise price to $71.21 per share. The amendment reported in this Form 4 is reported as a cancellation/regrant of the option. All the other terms and provisions of the repriced portion remain the same. William Stanley Meyer 2007-05-23