CIPHER PHARMACEUTICALS INC

Ticker: CPHRF CUSIP: 17253X105 Class: COM

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q1 2015
Shares 14,000 Value ($000) $127 Avg Close $12.59 Range $9.07 - $15.28
Q4 2014
Shares 17,400 Value ($000) $251 Avg Close $12.70 Range $9.06 - $18.00