CIPHER PHARMACEUTICALS INC

Ticker: CPHRF CUSIP: 17253X105 Class: COM

TWO SIGMA INVESTMENTS, LP's Holding History (CIK: 0001179392)

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

Q1 2015
Shares 108,141 Value ($000) $980 Avg Close $12.59 Range $9.07 - $15.28
Q4 2014
Shares 112,641 Value ($000) $1,623 Avg Close $12.70 Range $9.06 - $18.00