ISHARES TR

Ticker: IBB CUSIP: 464287556 Class: ISHARES BIOTECH

Connective Capital Management, LLC's Holding History (CIK: 0001543568)

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

Q2 2016

Shares 12,673 Value ($000) $3,261 Avg Close — Range —

Q1 2016

Shares 7,214 Value ($000) $1,882 Avg Close — Range —

Q4 2015

Shares 5,433 Value ($000) $1,838 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	12,673	$3,261	—	—
Q1 2016	7,214	$1,882	—	—
Q4 2015	5,433	$1,838	—	—