Akanthos Capital Management’s Sanofi Contingent Value Rights GCVRZ Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-667,000	Closed	-$180K	–	22
2016 Q3	$180K	Hold	667,000	–	–	0.18%	14
2016 Q2	$160K	Buy	+667,000	New	+$160K	0.15%	11
2016 Q1	–	Sell	-667,000	Closed	-$75K	–	21
2015 Q4	$75K	Hold	667,000	–	–	0.15%	17
2015 Q3	$127K	Buy	667,000 +167,000	+33%	+$31.8K	0.19%	19
2015 Q2	$350K	Hold	500,000	–	–	0.7%	15
2015 Q1	$339K	Hold	500,000	–	–	0.75%	19
2014 Q4	$395K	Hold	500,000	–	–	1.37%	18
2014 Q3	$233K	Hold	500,000	–	–	0.55%	18
2014 Q2	$250K	Hold	500,000	–	–	0.74%	17
2014 Q1	$155K	Hold	500,000	–	–	0.58%	18
2013 Q4	$170K	Hold	500,000	–	–	0.33%	22
2013 Q3	$1.01M	Hold	500,000	–	–	1.29%	17
2013 Q2	$950K	Buy	+500,000	New	+$950K	2.59%	10