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BLACKTHORN INVESTMENT GROUP LLC
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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2015 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -39,983 | 0 | -2,628,000 | |
| 06/30/2015 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -39,983 | 0 | -2,628,000 | |
| 12/31/2014 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -39,983 | 0 | -2,628,000 | |
| 03/31/2014 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -39,983 | 0 | -2,628,000 | |
| 09/30/2013 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -39,983 | 0 | -2,628,000 | |
| 06/30/2013 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 39,983 | 39,983 | 2,628,000 | 2,628,000 | $65.73 |
| 03/31/2013 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -8,250 | 0 | -572,000 | |
| 12/31/2012 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 8,250 | 8,250 | 572,000 | 572,000 | $69.33 |
| 09/30/2012 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -30,000 | 0 | -2,182,000 | |
| 06/30/2012 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 30,000 | 1,000 | 2,182,000 | 61,000 | $72.73 |
| 03/31/2012 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 29,000 | -2,087 | 2,121,000 | 213,000 | $73.14 |
| 12/31/2011 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -31,087 | 0 | -1,908,000 | |
| 09/30/2011 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 31,087 | 4,524 | 1,908,000 | -149,000 | $61.38 |
| 06/30/2011 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 26,563 | -2,937 | 2,057,000 | -243,000 | $77.44 |
| 03/31/2011 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 29,500 | 1,500 | 2,300,000 | 249,000 | $77.97 |
| 12/31/2010 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 28,000 | 5,000 | 2,051,000 | 441,000 | $73.25 |
| 09/30/2010 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 23,000 | 12,000 | 1,610,000 | 913,000 | $70.00 |
| 06/30/2010 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 11,000 | 1,000 | 697,000 | 21,000 | $63.36 |
| 03/31/2010 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 10,000 | -2,000 | 676,000 | -95,000 | $67.60 |
| 12/31/2009 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 12,000 | -3,000 | 771,000 | -44,000 | $64.25 |
| 09/30/2009 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 15,000 | 15,000 | 815,000 | 815,000 | $54.33 |
| 06/30/2009 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 0 | -11,709 | 0 | -426,000 | |
| 03/31/2009 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 11,709 | 3,686 | 426,000 | -58,000 | $36.38 |
| 12/31/2008 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 8,023 | 8,023 | 484,000 | 484,000 | $60.33 |
| 09/30/2008 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 1,078 | -18,622 | 121,000 | -1,797,000 | $112.24 |
| 06/30/2008 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 19,700 | 11,450 | 1,918,000 | 1,153,000 | $97.36 |
| 03/31/2008 | ALEXANDRIA REAL ESTATE EQUITIES, INC. | ARE | 8,250 | 8,250 | 765,000 | 765,000 | $92.73 |
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