VANDA PHARMACEUTICALS INC

Ticker: VNDA CUSIP: 921659108 Class: Common Stock

SABBY MANAGEMENT, LLC's Holding History (CIK: 0001535610)

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

Q1 2015

Shares 113,165 Value ($000) $1,052 Avg Close $11.30 Range $8.80 - $15.00

Q3 2014

Shares 81,600 Value ($000) $847 Avg Close $13.11 Range $10.33 - $16.48

Q2 2014

Shares 130,000 Value ($000) $2,103 Avg Close $13.32 Range $9.27 - $17.69

Q4 2013

Shares 146,350 Value ($000) $1,816 Avg Close $10.09 Range $5.70 - $15.65

Q2 2013

Shares 56,843 Value ($000) $459 Avg Close $6.73 Range $3.87 - $13.30

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	113,165	$1,052	$11.30	$8.80 - $15.00
Q3 2014	81,600	$847	$13.11	$10.33 - $16.48
Q2 2014	130,000	$2,103	$13.32	$9.27 - $17.69
Q4 2013	146,350	$1,816	$10.09	$5.70 - $15.65
Q2 2013	56,843	$459	$6.73	$3.87 - $13.30