KALOBIOS PHARMACEUTICALS INC

CUSIP: 48344T100 Class: COM

SPHERA FUNDS MANAGEMENT LTD.'s Holding History (CIK: 0001496201)

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

Q4 2014
Shares 349,560 Value ($000) $605 Avg Close — Range —
Q3 2014
Shares 349,560 Value ($000) $542 Avg Close — Range —
Q2 2014
Shares 360,000 Value ($000) $821 Avg Close — Range —
Q1 2014
Shares 360,000 Value ($000) $976 Avg Close — Range —
Q4 2013
Shares 385,000 Value ($000) $1,702 Avg Close — Range —