Kingdon Capital Management’s Emergent Biosolutions EBS Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Hold	0	–	–	–	140
2016 Q3	–	Hold	0	–	–	–	124
2016 Q1	–	Sell	-120,142	Closed	-$4.81M	–	122
2015 Q4	$4.81M	Sell	120,142 -287,700	-71%	-$10M	0.36%	82
2015 Q3	$11.6M	Buy	407,842 +95,000	+30%	+$3.13M	0.95%	52
2015 Q2	$10.3M	Buy	312,842 +104,570	+50%	+$3.24M	0.6%	77
2015 Q1	$5.99M	Sell	208,272 -261,703	-56%	-$7.51M	0.36%	102
2014 Q4	$12.8M	Buy	469,975 +62,975	+15%	+$1.5M	0.68%	54
2014 Q3	$8.67M	Hold	407,000	–	–	0.56%	71
2014 Q2	$9.14M	Buy	407,000 +220,000	+118%	+$5.12M	0.48%	82
2014 Q1	$4.72M	Sell	187,000 -289,200	-61%	-$7.3M	0.33%	112
2013 Q4	$10.9M	Sell	476,200 -235,929	-33%	-$4.92M	0.77%	64
2013 Q3	$13.6M	Sell	712,129 -36,975	-5%	-$660K	0.99%	41
2013 Q2	$10.8M	Buy	+749,104	New	+$10.8M	0.95%	36