13G Filing: Sabby Capital and Celsion Corp (CLSN)

( (iv)
Shared power to dispose or to direct the disposition of
801,511
.As calculated in accordance with Rule 13d-3 of the Securities Exchange Act
of 1934, as amended, (i) Sabby Healthcare Master Fund, Ltd. and Sabby
Volatility Warrant Master Fund, Ltd. beneficially own 214,321 and
801,475 shares of the Issuer’s common stock (Common Stock), respectively,
representing approximately 1.33% and 4.99% of the Common Stock,
respectively, and each of Sabby Management, LLC and Hal Mintz beneficially
owns 801,511 shares of the Common Stock,representing approximately 4.99%
of the Common Stock. Sabby Management, LLC and Hal Mintz do not directly
own any shares of Common Stock, but each indirectly owns 801,511 shares
of Common Stock. Sabby Management, LLC, a Delaware limited liability
company, indirectly owns 801,511 shares of Common Stock because it
serves as the investment manager of Sabby Healthcare Master Fund, Ltd.
and Sabby Volatility Warrant Master Fund, Ltd. Mr. Mintz indirectly
owns 801,511 shares of Common Stock in his capacity as manager of
Sabby Management, LLC.