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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2004 | INCYTE CORP | INCY | 1,541,669 | -1,810,885 | 15,401,273 | -7,194,941 | $9.99 |
| 07/08/2004 | INCYTE CORP | INCY | 3,352,554 | 3,352,554 | 22,596,214 | 22,596,214 | $6.74 |
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