AXOGEN INC

Ticker: AXGN CUSIP: 05463X106 Class: Common Stock

EMERALD MUTUAL FUND ADVISERS TRUST's Holding History (CIK: 0001352895)

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

Q2 2017

Shares 165,807 Value ($000) $2,777 Avg Close $13.48 Range $10.05 - $16.90

Q1 2017

Shares 165,807 Value ($000) $1,733 Avg Close $10.20 Range $8.75 - $11.25

Q4 2016

Shares 165,807 Value ($000) $1,492 Avg Close $8.62 Range $7.65 - $9.28

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	165,807	$2,777	$13.48	$10.05 - $16.90
Q1 2017	165,807	$1,733	$10.20	$8.75 - $11.25
Q4 2016	165,807	$1,492	$8.62	$7.65 - $9.28