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MHR FUND MANAGEMENT LLC
> PPCO
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2010 | PENWEST PHARMACEUTICALS CO | PPCO | 213,793 | 0 | 706,000 | -32,000 | $3.30 |
| 03/31/2010 | PENWEST PHARMACEUTICALS CO | PPCO | 213,793 | 0 | 738,000 | 184,000 | $3.45 |
| 12/31/2009 | PENWEST PHARMACEUTICALS CO | PPCO | 213,793 | 0 | 554,000 | 107,000 | $2.59 |
| 09/30/2009 | PENWEST PHARMACEUTICALS CO | PPCO | 213,793 | 0 | 447,000 | -162,000 | $2.09 |
| 06/30/2009 | PENWEST PHARMACEUTICALS CO | PPCO | 213,793 | 0 | 609,000 | 258,000 | $2.85 |
| 03/31/2009 | PENWEST PHARMACEUTICALS CO | PPCO | 213,793 | 0 | 351,000 | 15,000 | $1.64 |
| 12/31/2008 | PENWEST PHARMACEUTICALS CO | PPCO | 213,793 | -181,782 | 336,000 | -479,000 | $1.57 |
| 09/30/2008 | PENWEST PHARMACEUTICALS CO | PPCO | 395,575 | 50,000 | 815,000 | -118,000 | $2.06 |
| 06/30/2008 | PENWEST PHARMACEUTICALS CO | PPCO | 345,575 | 345,575 | 933,000 | 933,000 | $2.70 |
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