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BAIRD ROBERT W & CO INC
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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2015 | Pandora Media, Inc. | P | 0 | -840,198 | 0 | -14,981,000 | |
| 12/31/2014 | Pandora Media, Inc. | P | 840,198 | 840,198 | 14,981,000 | 14,981,000 | $17.83 |
| 06/30/2014 | Pandora Media, Inc. | P | 0 | -376,254 | 0 | -11,408,000 | |
| 03/31/2014 | Pandora Media, Inc. | P | 376,254 | 376,254 | 11,408,000 | 11,408,000 | $30.32 |
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