INOVIO PHARMACEUTICALS INC

CUSIP: 45773H102 Class: COM

Janney Montgomery Scott LLC's Holding History (CIK: 0001329948)

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

Q1 2014
Shares 35,000 Value ($000) $116,550 Avg Close — Range —
Q4 2013
Shares 14,000 Value ($000) $40,600 Avg Close — Range —