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EMERALD ADVISERS, LLC
> NLCI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2010 | NOBEL LEARNING COMMUNITIES INC | NLCI | 89,410 | -9,409 | 618,000 | -157,000 | $6.91 |
| 06/30/2010 | NOBEL LEARNING COMMUNITIES INC | NLCI | 89,410 | -9,409 | 528,000 | -247,000 | $5.91 |
| 03/31/2010 | NOBEL LEARNING COMMUNITIES INC | NLCI | 98,819 | -6,300 | 775,000 | -23,000 | $7.84 |
| 12/31/2009 | NOBEL LEARNING COMMUNITIES INC | NLCI | 105,119 | 0 | 798,000 | -188,000 | $7.59 |
| 09/30/2009 | NOBEL LEARNING COMMUNITIES INC | NLCI | 105,119 | 59,129 | 986,000 | 458,000 | $9.38 |
| 06/30/2009 | NOBEL LEARNING COMMUNITIES INC | NLCI | 45,990 | 45,990 | 528,000 | 528,000 | $11.48 |
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