PANDORA MEDIA INC

CUSIP: 698354107 Class: COMMON STOCK

EMERALD ADVISERS, LLC's Holding History (CIK: 0001015083)

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

Q3 2015
Shares 323,399 Value ($000) $6,901 Avg Close — Range —
Q2 2015
Shares 301,331 Value ($000) $4,683 Avg Close — Range —
Q1 2015
Shares 299,556 Value ($000) $5,488 Avg Close — Range —