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Rivanna Capital, LLC
> BPI
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2012 | Zovio Inc | BPI | 0 | -283,517 | 0 | -6,181,000 | |
| 06/30/2012 | Zovio Inc | BPI | 283,517 | -171,990 | 6,181,000 | -5,093,000 | $21.80 |
| 03/31/2012 | Zovio Inc | BPI | 455,507 | -256,612 | 11,274,000 | -5,105,000 | $24.75 |
| 12/31/2011 | Zovio Inc | BPI | 712,119 | -57,900 | 16,379,000 | 2,950,000 | $23.00 |
| 09/30/2011 | Zovio Inc | BPI | 770,019 | -155,972 | 13,429,000 | -8,563,000 | $17.44 |
| 06/30/2011 | Zovio Inc | BPI | 925,991 | -312,559 | 21,992,000 | 813,000 | $23.75 |
| 03/31/2011 | Zovio Inc | BPI | 1,238,550 | 142,896 | 21,179,000 | 362,000 | $17.10 |
| 12/31/2010 | Zovio Inc | BPI | 1,095,654 | 563,194 | 20,817,000 | 12,585,000 | $19.00 |
| 09/30/2010 | Zovio Inc | BPI | 532,460 | 532,460 | 8,232,000 | 8,232,000 | $15.46 |
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