VIPSHOP HLDGS LTD

Ticker: VIPS CUSIP: 92763W103 Class: Foreign Stock

PFM Health Sciences, LP's Holding History (CIK: 0001442756)

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

Q3 2016

Shares 3,283,961 Value ($000) $48,176 Avg Close — Range —

Q2 2016

Shares 1,460,749 Value ($000) $16,317 Avg Close — Range —

Q4 2014

Shares 2,946,157 Value ($000) $57,568 Avg Close — Range —

Q3 2014

Shares 240,936 Value ($000) $45,539 Avg Close — Range —

Q3 2013

Shares 705,149 Value ($000) $40,052 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	3,283,961	$48,176	—	—
Q2 2016	1,460,749	$16,317	—	—
Q4 2014	2,946,157	$57,568	—	—
Q3 2014	240,936	$45,539	—	—
Q3 2013	705,149	$40,052	—	—