ARROWHEAD RESH CORP

CUSIP: 042797209 Class: COM

SPHERA FUNDS MANAGEMENT LTD.'s Holding History (CIK: 0001496201)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015
Shares 486,000 Value ($000) $2,989 Avg Close — Range —
Q3 2015
Shares 540,000 Value ($000) $3,110 Avg Close — Range —
Q2 2015
Shares 475,000 Value ($000) $3,396 Avg Close — Range —