MERRIMACK PHARMACEUTICALS IN

CUSIP: 590328100 Class: CMN

Lagoda Investment Management, L.P.'s Holding History (CIK: 0001632108)

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

Q1 2017
Shares 775,571 Value ($000) $2,389 Avg Close — Range —
Q4 2016
Shares 1,522,529 Value ($000) $6,212 Avg Close — Range —
Q3 2016
Shares 1,870,777 Value ($000) $11,879 Avg Close — Range —
Q2 2016
Shares 2,244,080 Value ($000) $12,096 Avg Close — Range —
Q1 2016
Shares 2,327,599 Value ($000) $19,482 Avg Close — Range —
Q4 2015
Shares 2,211,880 Value ($000) $17,474 Avg Close — Range —
Q3 2015
Shares 2,357,558 Value ($000) $20,063 Avg Close — Range —
Q2 2015
Shares 2,100,140 Value ($000) $25,968 Avg Close — Range —
Q1 2015
Shares 1,931,872 Value ($000) $22,951 Avg Close — Range —
Q4 2014
Shares 1,560,530 Value ($000) $17,634 Avg Close — Range —