TARGACEPT INC

CUSIP: 87611R306 Class: CMN

Arbor Investment Advisors, LLC's Holding History (CIK: 0001590073)

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

Q2 2015
Shares 103,260 Value ($000) $288 Avg Close — Range —
Q1 2015
Shares 103,660 Value ($000) $308 Avg Close — Range —
Q4 2014
Shares 104,260 Value ($000) $274 Avg Close — Range —
Q3 2014
Shares 104,260 Value ($000) $264 Avg Close — Range —
Q2 2014
Shares 104,260 Value ($000) $470 Avg Close — Range —
Q1 2014
Shares 104,260 Value ($000) $495 Avg Close — Range —