FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Cappelli Gregory William 		2. Issuer Name and Ticker or Trading Symbol

APOLLO GROUP INC [ APOL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Co-Chief Executive Officer
(Last)          (First)          (Middle)

4025 S. RIVERPOINT PKWY 		3. Date of Earliest Transaction (MM/DD/YYYY)

9/15/2011
(Street)

PHOENIX, AZ 85040
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock   9/15/2011     F (1)    4792   D $47.45   459647   (2) (3) (4) (5) (6) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Represents shares of the Issuer's Class A common stock withheld to satisfy the Issuer's tax withholding obligation upon the vesting of restricted stock units (RSUs) and the issuance of the underlying shares of Class A common stock.
( 2)  Includes (i) 208 shares of the Issuer's Class A common stock subject to RSUs granted on July 6, 2011, (ii) 248,000 shares of the Issuer's Class A common stock subject to RSUs granted April 13, 2011, (iii) 49,000 shares of the Issuer's Class A common stock subject to RSUs granted on April 13, 2011, (iv) 38,000 shares of the Issuer's Class A common stock subject to RSUs granted April 13, 2011, and (v) 46,192 shares of the Issuer's Class A common stock subject to RSUs granted to the Reporting Person on January 18, 2011. The 208 shares underlying the RSUs described in (i) above will be issued when those units vest (subject to an initial performance-vesting requirement) as follows: 25% of the RSUs will vest upon the Reporting Person's continuation in service with the Issuer through August 31, 2012 and the balance of the RSUs will vest in three successive equal annual installments upon the Reporting Person's continuation in service with the Issuer though each of the April 13, 2013, April 13, 2014 and April 13, 2015 vesting dates. (footnote continued below)
( 3)  (continued from footnote 2 above) The 248,000 shares underlying the RSUs described in (ii) above will be issued as those units vest (subject to an initial performance-vesting requirement) in four successive equal installments upon the Reporting Person's continuation in service with the Issuer through each of the August 31, 2012, April 13, 2013, April 13, 2014, and April 13, 2015 vesting dates. The 49,000 shares underlying the RSUs described in (iii) above will be issued as those units vest (subject to an initial performance-vesting requirement) as follows: 50% of the RSUs will vest upon the Reporting Person's continuation in service with the Issuer through August 31, 2012 and the balance of the RSUs will vest in two successive equal annual installments upon the Reporting Person's continuation in service with the Issuer though each of the April 13, 2013 and April 13, 2014 vesting dates. (footnote continued below)
( 4)  (continued from footnote 3 above) The 38,000 shares underlying the RSUs described in (iv) above will be issued as those units vest (subject to an initial performance-vesting requirement) as follows: 20% of the RSUs will vest upon the Reporting Person's continuation in service with the Issuer through April 13, 2012 and the balance of the RSUs will vest in two successive equal annual installments upon the Reporting Person's continuation in service with the Issuer through each of the April 13, 2013 and April 13, 2014 vesting dates. The 46,192 shares underlying the January 18, 2011 RSUS will vest in successive monthly installments over the Reporting Person's period of service with the Issuer as follows: (i) 50% of the RSUs will vest in 12 successive equal monthly installments upon the Reporting Person's completion of each month of service over the 12-month period measured from September 16, 2011, with the shares of Class A common stock that so vest to be issued on September 15, 2012; (footnote continued below)
( 5)  (footnote continued from 4 above) and (ii) the remaining 50% of the RSUs will vest in 12 successive equal monthly installments upon the Reporting Person's completion of each month of service over the 12-month period measured from September 16, 2012, with the shares of Class A common stock that so vest to be issued on September 15, 2013. All of the RSUs are subject to accelerated vesting upon certain changes in ownership or control of the Issuer, and the RSUs described in (i), (ii), (iii) and (iv) are subject to service-vesting credits in the event the Reporting Person is terminated under certain specified circumstances during the service-vesting period. (footnote continued below)
( 6)  (footnote continued from 5 above) Does not include (i) 21,066 shares of the Issuer's Class A common stock subject to the performance share award made to the Reporting Person on July 6, 2011 and (ii) 55,617 shares of the Issuer's Class A common stock subject to the performance share award made to the Reporting Person on July 6, 2011. Those awards will not actually convert into any shares unless the applicable performance goals are attained at threshold level or above.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cappelli Gregory William
4025 S. RIVERPOINT PKWY
PHOENIX, AZ 85040 		X
Co-Chief Executive Officer

Signatures
By Brian L. Swartz for Gregory W. Cappelli 9/19/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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