EMERGENT BIOSOLUTIONS INC

Ticker: EBS CUSIP: 29089Q105 Class: Common Stock

Ground Swell Capital, LLC's Holding History (CIK: 0001534450)

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

Q3 2014

Shares 200 Value ($000) $4 Avg Close $22.90 Range $20.11 - $25.41

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	200	$4	$22.90	$20.11 - $25.41