| Holder | Issuer | Net Short Position | Position Date | Origin |
|---|
| Holder | Issuer | Net Short Position | Position Date | Origin |
|---|---|---|---|---|
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 0.19% | 2015-11-16 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 1.29% | 2015-08-25 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 1.64% | 2015-08-24 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 2.7% | 2015-07-17 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 2.6% | 2015-07-07 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 2.58% | 2015-07-01 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 2.43% | 2015-06-26 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 2.39% | 2015-06-25 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 2.23% | 2015-06-23 | Denmark |
| Kerrisdale Advisers LLC | Bavarian Nordic A/S | 2.12% | 2015-06-04 | Denmark |
