VANDA PHARMACEUTICALS INC

Ticker: VNDA CUSIP: 921659108 Class: Common Stock

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

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

Q3 2015

Shares 30,000 Value ($000) $338 Avg Close $12.23 Range $10.57 - $14.50

Q3 2014

Shares 1,000 Value ($000) $10 Avg Close $13.11 Range $10.33 - $16.48

Q2 2014

Shares 2,000 Value ($000) $32 Avg Close $13.32 Range $9.27 - $17.69

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	30,000	$338	$12.23	$10.57 - $14.50
Q3 2014	1,000	$10	$13.11	$10.33 - $16.48
Q2 2014	2,000	$32	$13.32	$9.27 - $17.69