INOVIO PHARMACEUTICALS INC

CUSIP: 45773H102 Class: COM

BRIDGEWAY CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001107261)

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

Q1 2014
Shares 30,000 Value ($000) $100 Avg Close — Range —
Q4 2013
Shares 30,000 Value ($000) $87 Avg Close — Range —
Q3 2013
Shares 30,000 Value ($000) $62 Avg Close — Range —