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BURLINGAME ASSET MANAGEMENT, LLC
> DRRX
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2012 | DURECT CORP | DRRX | 0 | -123,253 | 0 | -112,000 | |
| 06/30/2012 | DURECT CORP | DRRX | 123,253 | -682,411 | 112,000 | -533,000 | $0.91 |
| 03/31/2012 | DURECT CORP | DRRX | 805,664 | 805,664 | 645,000 | 645,000 | $0.80 |
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