Espalier Global Management’s Talphera TLPH Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-6,250	Closed	-$1.28M	–	95
2014 Q2	$1.28M	Sell	6,250 -15,000	-71%	-$3.07M	0.1%	49
2014 Q1	$5.1M	Sell	21,250 -499	-2%	-$120K	0.28%	41
2013 Q4	$4.92M	Sell	21,749 -751	-3%	-$170K	0.47%	43
2013 Q3	$4.85M	Buy	+22,500	New	+$4.85M	0.51%	38