EMERGENT BIOSOLUTIONS INC

Ticker: EBS CUSIP: 29089Q105 Class: Common Stock

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

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

Q4 2015

Shares 120,142 Value ($000) $4,807 Avg Close $34.87 Range $27.68 - $40.49

Q3 2015

Shares 407,842 Value ($000) $11,619 Avg Close $32.95 Range $27.82 - $36.20

Q2 2015

Shares 312,842 Value ($000) $10,308 Avg Close $31.00 Range $28.33 - $33.84

Q1 2015

Shares 208,272 Value ($000) $5,990 Avg Close $28.68 Range $25.97 - $30.96

Q4 2014

Shares 469,975 Value ($000) $12,797 Avg Close $23.83 Range $19.31 - $28.08

Q3 2014

Shares 407,000 Value ($000) $8,673 Avg Close $22.90 Range $20.11 - $25.41

Q2 2014

Shares 407,000 Value ($000) $9,141 Avg Close $23.29 Range $20.04 - $27.17

Q1 2014

Shares 187,000 Value ($000) $4,725 Avg Close $25.26 Range $21.72 - $28.48

Q4 2013

Shares 476,200 Value ($000) $10,948 Avg Close $20.85 Range $17.31 - $24.04

Q3 2013

Shares 712,129 Value ($000) $13,566 Avg Close $17.85 Range $14.49 - $19.53

Q2 2013

Shares 749,104 Value ($000) $10,802 Avg Close $14.48 Range $13.02 - $15.89

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	120,142	$4,807	$34.87	$27.68 - $40.49
Q3 2015	407,842	$11,619	$32.95	$27.82 - $36.20
Q2 2015	312,842	$10,308	$31.00	$28.33 - $33.84
Q1 2015	208,272	$5,990	$28.68	$25.97 - $30.96
Q4 2014	469,975	$12,797	$23.83	$19.31 - $28.08
Q3 2014	407,000	$8,673	$22.90	$20.11 - $25.41
Q2 2014	407,000	$9,141	$23.29	$20.04 - $27.17
Q1 2014	187,000	$4,725	$25.26	$21.72 - $28.48
Q4 2013	476,200	$10,948	$20.85	$17.31 - $24.04
Q3 2013	712,129	$13,566	$17.85	$14.49 - $19.53
Q2 2013	749,104	$10,802	$14.48	$13.02 - $15.89