VERICEL CORP

Ticker: VCEL CUSIP: 92346J108 Class: Common Stock

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

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

Q1 2017

Shares 14,694 Value ($000) $41 Avg Close $2.83 Range $2.25 - $3.25

Q4 2016

Shares 149,900 Value ($000) $450 Avg Close $2.57 Range $2.00 - $4.55

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	14,694	$41	$2.83	$2.25 - $3.25
Q4 2016	149,900	$450	$2.57	$2.00 - $4.55