AXOGEN INC

Ticker: AXGN CUSIP: 05463X106 Class: Common Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q3 2014

Shares 331,070 Value ($000) $808 Avg Close $2.44 Range $2.11 - $2.85

Q2 2014

Shares 331,070 Value ($000) $920 Avg Close $2.72 Range $2.21 - $3.39

Q1 2014

Shares 348,607 Value ($000) $1,063 Avg Close $3.98 Range $2.85 - $5.19

Q4 2013

Shares 386,699 Value ($000) $1,736 Avg Close $4.06 Range $3.25 - $5.20

Q3 2013

Shares 483,083 Value ($000) $2,145 Avg Close $3.83 Range $2.85 - $4.59

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	331,070	$808	$2.44	$2.11 - $2.85
Q2 2014	331,070	$920	$2.72	$2.21 - $3.39
Q1 2014	348,607	$1,063	$3.98	$2.85 - $5.19
Q4 2013	386,699	$1,736	$4.06	$3.25 - $5.20
Q3 2013	483,083	$2,145	$3.83	$2.85 - $4.59