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POTOMAC CAPITAL MANAGEMENT LLC
> SUMT
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2008 | SUMTOTAL SYSTEMS INC | SUMT | 1,342,918 | 1,342,918 | -134 | -134 | $0.00 |
| 09/30/2007 | SUMTOTAL SYSTEMS INC | SUMT | 988,022 | 75,500 | -983 | -77 | $0.00 |
| 06/30/2007 | SUMTOTAL SYSTEMS INC | SUMT | 912,522 | 142,127 | -906 | -141 | $0.00 |
| 03/31/2007 | SUMTOTAL SYSTEMS INC | SUMT | 770,395 | -13,600 | -765 | -4,743,765 | $0.00 |
| 12/31/2006 | SUMTOTAL SYSTEMS INC | SUMT | 783,995 | 62,721 | 4,743,000 | -630,000 | $6.05 |
| 09/30/2006 | SUMTOTAL SYSTEMS INC | SUMT | 721,274 | -35,965 | 5,373,000 | 625,000 | $7.45 |
| 06/30/2006 | SUMTOTAL SYSTEMS INC | SUMT | 757,239 | -238,680 | 4,748,000 | -281,000 | $6.27 |
| 03/31/2006 | SUMTOTAL SYSTEMS INC | SUMT | 995,919 | 270,000 | 5,029,000 | 1,762,000 | $5.05 |
| 12/31/2005 | SUMTOTAL SYSTEMS INC | SUMT | 725,919 | 0 | 3,267,000 | -268,000 | $4.50 |
| 09/30/2005 | SUMTOTAL SYSTEMS INC | SUMT | 725,919 | 0 | 3,535,000 | 189,000 | $4.87 |
| 06/30/2005 | SUMTOTAL SYSTEMS INC | SUMT | 725,919 | 40,000 | 3,346,000 | -385,000 | $4.61 |
| 03/31/2005 | SUMTOTAL SYSTEMS INC | SUMT | 685,919 | 175,000 | 3,731,000 | 1,049,000 | $5.44 |
| 12/31/2004 | SUMTOTAL SYSTEMS INC | SUMT | 510,919 | 0 | 2,682,000 | 153,000 | $5.25 |
| 09/30/2004 | SUMTOTAL SYSTEMS INC | SUMT | 510,919 | 203,900 | 2,529,000 | 533,000 | $4.95 |
| 06/30/2004 | SUMTOTAL SYSTEMS INC | SUMT | 307,019 | 20,100 | 1,996,000 | -296,000 | $6.50 |
| 03/31/2004 | SUMTOTAL SYSTEMS INC | SUMT | 286,919 | 286,919 | 2,292,000 | 2,292,000 | $7.99 |
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