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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1055726	Inovio Pharmaceuticals Inc.	INO	Surgical & Medical Instruments & Apparatus (3841)	330024450

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1044321	M David Greenhouse & W Austin Marxe	C/O Special Situations Funds 527 Madison Avenue, Suite 2600 New York NY 10022		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-11-28	96,000	$0.57	4,456,206	No	4	S	Indirect	By Limited Partnerships
Common Stock	Disposition	2012-11-29	168,700	$0.54	4,287,506	No	4	S	Indirect	By Limited Partnerships
Common Stock	Disposition	2012-11-29	250,000	$0.55	4,037,506	No	4	S	Indirect	By Limited Partnerships
Common Stock	Disposition	2012-11-30	92,800	$0.55	3,944,706	No	4	S	Indirect	By Limited Partnerships

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Limited Partnerships
No	4	S	Indirect	By Limited Partnerships
No	4	S	Indirect	By Limited Partnerships
No	4	S	Indirect	By Limited Partnerships

Footnotes

This is a weighted average price.
This is a joint filing by Austin W. Marxe (Marxe) and David M. Greenhouse (Greenhouse). They share voting and investment control over all securities owned by Special Situations Fund III QP, L.P. (SSFQP), Special Situations Cayman Fund, L.P. (Cayman), Special Situations Private Equity Fund, L.P. (PE) and Special Situations Life Sciences Fund, L.P. (LS). 2,133,127 shares of Common Stock are held by SSFQP, 666,640 shares of Common Stock are held by Cayman, 784,154 shares of Common Stock are held by PE and 360,785 shares of Common Stock are held by LS. The interest of Marxe and Greenhouse in the shares of Common Stock owned by SSFQP, Cayman, PE and LS is limited to the extent of his pecuniary interest.