INOVIO PHARMACEUTICALS INC

CUSIP: 45773H102 Class: COM

Tower Research Capital LLC (TRC)'s Holding History (CIK: 0001533421)

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

Q1 2014
Shares 37,445 Value ($000) $125 Avg Close — Range —
Q4 2013
Shares 40,775 Value ($000) $119 Avg Close — Range —