| Date | Name | Symbol | Type | Security | Shares | Price | Value | Ownership | Reported |
| 02/16/2010 | CPEX Pharmaceuticals, Inc. | CPEX | Sale | Common Stock, par value $0.01 | 50.1k | $15.74 | $788.7k | | 02/11/2010 |
| 02/12/2010 | CPEX Pharmaceuticals, Inc. | CPEX | Sale | Common Stock, par value $0.01 | 2.8k | $16.07 | $45.3k | | 02/11/2010 |
| 02/11/2010 | CPEX Pharmaceuticals, Inc. | CPEX | Sale | Common Stock, par value $0.01 | 2.1k | $16.19 | $33.5k | | 02/11/2010 |
| 02/11/2010 | CPEX Pharmaceuticals, Inc. | CPEX | Sale | Common Stock, par value $0.01 | 500 | $16.02 | $8k | | 02/11/2010 |
| 02/11/2010 | CPEX Pharmaceuticals, Inc. | CPEX | Sale | Common Stock, par value $0.01 | 500 | $15.98 | $8k | | 02/11/2010 |
| 12/31/2009 | CPEX Pharmaceuticals, Inc. | CPEX | Purchase | Common Stock, par value $0.01 | 5.1k | $11.25 | $57.5k | By Arcadia Opportunity Master Fund, Ltd. | 12/31/2009 |
| 12/30/2009 | CPEX Pharmaceuticals, Inc. | CPEX | Purchase | Common Stock, par value $0.01 | 100 | $11.00 | $1.1k | | 12/28/2009 |
| 12/30/2009 | CPEX Pharmaceuticals, Inc. | CPEX | Purchase | Common Stock, par value $0.01 | 58 | $11.09 | $643.2 | | 12/28/2009 |
| 12/29/2009 | CPEX Pharmaceuticals, Inc. | CPEX | Purchase | Common Stock, par value $0.01 | 5.7k | $11.00 | $62.7k | By Arcadia Opportunity Master Fund, Ltd. | 12/28/2009 |
| 12/28/2009 | CPEX Pharmaceuticals, Inc. | CPEX | Purchase | Common Stock, par value $0.01 | 20.7k | $10.85 | $224.1k | By Arcadia Opportunity Master Fund, Ltd. | 12/28/2009 |