PANDORA MEDIA INC

CUSIP: 698354107 Class: COMMON STOCK

PIPER SANDLER & CO.'s Holding History (CIK: 0000724683)

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

Q3 2015
Shares 15,000 Value ($000) $320 Avg Close — Range —
Q1 2015
Shares 25,000 Value ($000) $405 Avg Close — Range —
Q4 2014
Shares 10,000 Value ($000) $178 Avg Close — Range —
Q2 2014
Shares 15,000 Value ($000) $443 Avg Close — Range —