INOVIO PHARMACEUTICALS INC

CUSIP: 45773H201 Class: Common Stock

COMMERZBANK AKTIENGESELLSCHAFT /FI's Holding History (CIK: 0000852933)

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

Q3 2015
Shares 141,461 Value ($000) $818 Avg Close — Range —
Q2 2015
Shares 635,228 Value ($000) $5,183 Avg Close — Range —
Q1 2015
Shares 91,455 Value ($000) $746 Avg Close — Range —