REXAHN PHARMACEUTICALS INC

CUSIP: 761640101 Class: COM

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

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

Q1 2014
Shares 2,006,200 Value ($000) $2,167 Avg Close — Range —
Q4 2013
Shares 1,500,000 Value ($000) $765 Avg Close — Range —