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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Exercisable Expiration |
Company | Symbol | Insider Relationship | Shares Traded | Conversion Price |
Shares Ownership |
Filing |
| 2005-12-30 Option Award |
2006-01-04 2:50 pm | 2005-12-30 2008-12-29 |
AMERICAN EDUCATION CORP | AEDU | SHIVELY THOMAS A (Executive Vice President) | 100,000 | $0.62 | 714,276 (Direct) | View |
| 2005-12-30 Option Award |
2006-01-04 2:50 pm | 2005-12-30 2008-12-29 |
AMERICAN EDUCATION CORP | AEDU | SHIVELY THOMAS A (Executive Vice President) | 21,000 | $0.62 | 714,276 (Direct) |
View |
| 2004-11-08 Option Award |
2005-04-18 3:59 pm |
2004-11-08 2008-12-31 | AMERICAN EDUCATION CORP | AEDU | SHIVELY THOMAS A (Executive Vice President) | 60,000 | $0.25 | 593,276 (Direct) |
View |
| 2004-12-31 Option Award |
2005-04-18 3:59 pm | 2004-12-31 2007-12-31 |
AMERICAN EDUCATION CORP | AEDU | SHIVELY THOMAS A (Executive Vice President) | 273,276 | $0.35 | 593,276 (Direct) |
View |
| 2003-07-31 Option Award | 2003-08-01 11:41 am |
2003-07-31 2006-07-31 | AMERICAN EDUCATION CORP | AEDU.OB | SHIVELY THOMAS A (Executive Vice President) | 260,000 | $0.3 | 593,276 (Direct) | View |
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