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Talphera Inc. (TLPH)

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Insider Trading: Purchases

Insider	Price	Amount	Total Value	Remaining Holdings	Date	Form 4
Edwards Director	$2.79	10,000	$27,900.00	50,000	2011-12-01	Filing
Edwards Director	$2.90	40,000	$116,000.00	40,000	2011-11-14	Filing
Welch Officer	$3.39	1,000	$3,391.00	15,000	2011-09-07	Filing
Welch Officer	$3.39	2,000	$6,788.20	14,000	2011-09-07	Filing
Welch Officer	$3.32	7,000	$23,237.90	12,000	2011-09-06	Filing
Schreck Director	$3.28	500	$1,640.00	17,982	2011-08-29	Filing
Schreck Director	$3.27	500	$1,634.10	300,951	2011-08-29	Filing
Schreck Director	$3.01	1,000	$3,010.00	17,482	2011-08-24	Filing
Schreck Director	$3.01	1,000	$3,010.00	300,451	2011-08-24	Filing
Palmer Officer, Director	$4.61	8,800	$40,568.00	326,394	2011-06-09	Filing
King Officer, Director	$4.56	3,500	$15,960.00	126,957	2011-06-09	Filing
Three Large Shareholder	$5.00	1,261,927	$6,309,635.00	3,749,918	2011-02-16	Filing
Three Large Shareholder	$5.00	27,863	$139,315.00	82,795	2011-02-16	Filing
Skyline Large Shareholder	$5.00	1,235,943	$6,179,715.00	3,877,235	2011-02-16	Filing
Three Large Shareholder	$5.00	1,223,983	$6,119,915.00	3,637,169	2011-02-16	Filing
Three Large Shareholder	$5.00	65,806	$329,030.00	195,543	2011-02-16	Filing
Acp Large Shareholder	$5.00	680,000	$3,400,000.00	2,794,907	2011-02-16	Filing
Nohra Large Shareholder, Director	$5.00	680,000	$3,400,000.00	2,794,907	2011-02-16	Filing