____Mohican Financial Management, LLC_______

Mohican Financial Management as of Sept. 30, 2014

Portfolio Holdings for Mohican Financial Management

Mohican Financial Management holds 43 positions in its portfolio as reported in the September 2014 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Amag Pharmaceuticals Inc note 2.500% 2/1 4.9 $10M 7.0M 1.43
Horsehead Hldg Corp note 3.800% 7/0 4.2 $8.6M 6.8M 1.28
Renewable Energy Group Inc mtnf 2.750% 6/1 3.7 $7.7M 7.5M 1.02
Mentor Graphics 4% 2031 conv 3.7 $7.5M 6.5M 1.16
Altra Holdings, Inc note 2.750% 3/0 3.6 $7.3M 6.0M 1.22
Accuray Inc Del note 3.750% 8/0 3.5 $7.3M 7.0M 1.04
Healthways Inc note 1.500% 7/0 3.5 $7.3M 7.0M 1.04
Move Inc note 2.750% 9/0 3.4 $7.0M 5.5M 1.27
Web Com Group Inc note 1.000% 8/1 3.3 $6.8M 7.5M 0.91
Forestar Group Inc note 3.3 $6.8M 6.5M 1.04
Quantum Corp note 4.500% 11/1 3.2 $6.7M 6.6M 1.01
Gt Advanced Technologies Inc note 3.000%12/1 3.2 $6.6M 5.9M 1.13
Trak 1 1/2 03/15/17 3.2 $6.5M 5.0M 1.30
Wabash National Corp 3.375 '18 conv 3.0 $6.0M 4.6M 1.31
Cornerstone Ondemand Inc conv 2.9 $5.9M 6.0M 0.99
Alaska Communications Systems conv 2.8 $5.8M 7.3M 0.80
Photronics Inc note 5.500%10/0 2.8 $5.7M 3.5M 1.66
Infinera Corporation dbcv 1.750% 6/0 2.7 $5.6M 5.0M 1.12
Webmd Health Corp note 2.7 $5.6M 5.0M 1.11
Interdigital Inc 2.5% conv 2.6 $5.4M 5.3M 1.02
Home Inns & Hotels Mgmt Inc note 2.000%12/1 2.6 $5.3M 5.5M 0.97
Photronics Inc note 2.6 $5.3M 5.0M 1.05
M/i Homes Inc note 3.250% 9/1 2.4 $4.9M 4.3M 1.13
Volcano Corporation note 1.750%12/0 2.4 $4.8M 5.6M 0.87
Endologix Inc note 2.250%12/1 2.2 $4.5M 5.0M 0.90
Fxcm Inc. conv 2.0 $4.1M 3.9M 1.04
Take-two Interactive Sof note 1.9 $4.0M 3.0M 1.33
Depomed Inc conv 1.8 $3.6M 3.4M 1.06
Aar Corp 2.25% conv 1.6 $3.2M 3.2M 1.00
Volcano Corporation note 2.875% 9/0 1.5 $3.1M 3.2M 0.99
Acorda Therap note 1.75% 6/15 1.5 $3.1M 3.0M 1.04
Array Biopharma Inc note 3.000% 6/0 1.5 $3.1M 3.5M 0.88
Vipshop Holdings Ltd - Ads bond 1.4 $3.0M 2.5M 1.18
Ttm Technologies Inc conv 1.4 $2.9M 3.0M 0.97
J2 Global Inc note 3.250% 6/1 1.2 $2.5M 2.5M 1.00
Ascent Cap Group Inc note 4.000% 7/1 1.2 $2.5M 2.8M 0.90
Synchronoss Technologies conv 1.1 $2.2M 2.0M 1.10
Bristow Group Inc note 3.000% 6/1 1.1 $2.2M 2.0M 1.08
Take-two Interactive Softwar note 1.000% 7/0 0.9 $1.8M 1.5M 1.23
Tesaro Inc note 3.000%10/0 0.6 $1.3M 1.2M 1.04
Encore Cap Group Inc note 3.000% 7/0 0.3 $684k 600k 1.14
Solazyme Inc bond 0.2 $450k 500k 0.90
Lkd Barclays Bk Plc Ipath S&p Etn etf 0.2 $332k 25k 13.12