UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                                (Amendment No. 1)

                            AASTROM BIOSCIENCES INC.
                                (Name of Issuer)

                           Common Stock, no par value
                         (Title of Class of Securities)

                                    00253U107
                                 (CUSIP Number)

                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                               Mr. Roger B. Peikin
                      Aletheia Research & Management, Inc.
                       100 Wilshire Boulevard, Suite 1960
                             Santa Monica, CA 90401
                                 (310)-899-0800

                                February 25, 2005
             (Date of event which requires filing of this statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4) check the following box |_|.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended (the "Act"), or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.


SCHEDULE 13D CUSIP No. 00253U107 Page 2 of 6 Pages -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Aletheia Research & Management, Inc., IRS No.- 95-4647814 -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States -------------------------------------------------------------------------------- 7 SOLE VOTING POWER Less than 5% of the number of outstanding shares of any class of capital stock of the Issuer NUMBER OF ----------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 0 EACH ----------------------------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH Less than 5% of the number of outstanding shares of any class of capital stock of the Issuer ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Less than 5% of the number of outstanding shares of any class of capital stock of the Issuer -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) Less than 5% of the number of outstanding shares of any class of capital stock of the Issuer -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO, IA -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 2

Item 1. Security and Issuer. This statement relates to the Common Stock, no par value per share (the "Common Stock"), of Aastrom Biosciences Inc., a Michigan corporation (the "Issuer"). The Issuer maintains its principal executive office at 24 Frank Lloyd Wright Dr., PO Box 376, Ann Arbor, MI 48106. Item 2. Identity and Background. (a) This statement is filed by Aletheia Research & Management, Inc., a California corporation ("Aletheia"), with respect to shares of the Issuer's Common Stock held by managed accounts over which Aletheia has discretionary authority and partnerships with respect to which Aletheia serves as general partner. Aletheia filed an initial Schedule 13D for an event of August 27, 2004 (the "Initial Schedule"). Except to the extent set forth in this Amendment, the information in the Initial Schedule remains unchanged. Item 3. Source and Amount of Funds or Other Consideration. Aletheia currently has beneficial ownership of less than 5% of the outstanding shares of any class of capital stock of the Issuer and is therefore discontinuing any reporting obligation under Section 13(d) of the Securities and Exchange Act of 1934 (the "Securities Exchange Act"). Item 4. Purpose of Transaction. Aletheia currently has beneficial ownership of less than 5% of the outstanding shares of any class of capital stock of the Issuer and is therefore discontinuing any reporting obligation under Section 13(d) of the Securities Exchange Act. Item 5. Interest in Securities of the Issuer. Aletheia currently has beneficial ownership of less than 5% of the outstanding shares of any class of capital stock of the Issuer and is therefore discontinuing any reporting obligation under Section 13(d) of the Securities Exchange Act. Item 7. Material to be Filed as Exhibits. None 3

Signatures After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 2, 2005 ALETHEIA RESEARCH & MANAGEMENT, INC. By: /s/ Roger B. Peikin ------------------- Roger B. Peikin, Executive Vice President 4

APPENDIX 1 TRANSACTIONS IN AASTROM BIOSCIENCES INC. COMMON STOCK WITHIN THE PAST 60 DAYS All purchases and sales were made on the open market. 1. Aletheia Metron, L.P. TRADE PURCHASE TOTAL DATE QUANTITY OR SALE PRICE COST OR SALES PRICE -------------------------------------------------------------------------------- 12/29/2004 20000 PURCHASE $1.30 $26,000.00 12/31/2004 20000 SALE 1.40 28,000.00 2. Aletheia Insider Index, L.P. TRADE PURCHASE TOTAL DATE QUANTITY OR SALE PRICE COST OR SALES PRICE -------------------------------------------------------------------------------- 1/3/2005 3296 SALE $1.44 $4,746.24 1/19/2005 23000 SALE 4.01 92,250.70 1/19/2005 25000 SALE 4.04 100,900.00 1/19/2005 25000 SALE 4.04 100,965.00 2/1/2005 36774 PURCHASE 3.55 130,547.70 2/10/2005 6242 SALE 3.20 19,974.40 2/25/2005 90000 SALE 2.68 241,507.80 3. Managed Accounts. TRADE PURCHASE TOTAL DATE QUANTITY OR SALE PRICE COST OR SALES PRICES -------------------------------------------------------------------------------- 12/31/2004 700 PURCHASE $1.45 $1,016.80 1/4/2005 20000 SALE 1.54 30,709.49 1/5/2005 5000 PURCHASE 1.71 8,549.30 1/5/2005 5000 PURCHASE 1.71 8,549.30 1/5/2005 5000 PURCHASE 1.71 8,549.30 1/5/2005 5000 PURCHASE 1.71 8,549.30 1/5/2005 5000 SALE 1.56 7,797.41 1/5/2005 5000 SALE 1.56 7,797.41 1/7/2005 3000 PURCHASE 2.22 6,660.30 1/7/2005 10000 PURCHASE 2.23 22,285.00 1/7/2005 3500 PURCHASE 1.92 6,720.00 1/7/2005 5000 PURCHASE 1.95 9,754.80 1/7/2005 3500 PURCHASE 2.26 7,902.05 1/7/2005 5000 PURCHASE 1.95 9,754.80 1/7/2005 6500 PURCHASE 1.94 12,634.80 1/7/2005 3500 PURCHASE 2.26 7,902.05 5

1/7/2005 3500 SALE 2.29 7,998.98 1/7/2005 5000 SALE 2.25 11,274.72 1/7/2005 5000 SALE 2.25 11,274.72 1/7/2005 5000 SALE 2.25 11,272.32 1/7/2005 5000 SALE 2.25 11,272.32 1/7/2005 5000 SALE 2.25 11,272.32 1/7/2005 6500 SALE 2.26 14,700.46 1/7/2005 5000 SALE 2.25 11,272.32 1/10/2005 7500 PURCHASE 2.39 17,937.30 1/10/2005 7500 PURCHASE 2.39 17,932.50 1/10/2005 50000 PURCHASE 2.61 130,682.60 1/10/2005 10000 PURCHASE 2.39 23,914.80 1/10/2005 10000 PURCHASE 2.57 25,729.80 1/10/2005 5600 SALE 2.35 13,155.98 1/10/2005 1900 SALE 2.35 4,463.63 1/10/2005 1100 SALE 2.83 3,114.27 1/10/2005 4900 SALE 2.83 13,872.65 1/10/2005 7500 SALE 2.35 17,624.41 1/10/2005 2500 SALE 2.91 7,287.26 1/10/2005 7500 SALE 2.91 21,861.77 1/10/2005 50000 SALE 2.83 141,722.68 1/10/2005 30000 SALE 2.66 79,836.35 1/10/2005 25000 SALE 2.74 68,512.93 1/10/2005 3500 SALE 2.71 9,474.88 1/10/2005 10000 SALE 2.35 23,494.42 1/10/2005 15000 SALE 2.73 40,883.36 1/10/2005 10000 SALE 2.73 27,255.57 1/10/2005 2000 SALE 2.79 5,586.16 1/10/2005 1500 SALE 2.79 4,189.62 1/10/2005 4700 SALE 2.57 12,079.95 1/10/2005 5300 SALE 2.57 13,622.07 1/10/2005 8000 SALE 2.57 20,561.62 1/10/2005 3500 SALE 2.71 9,474.88 1/10/2005 10000 SALE 2.82 28,239.73 1/10/2005 30000 SALE 2.79 83,828.81 1/11/2005 6000 PURCHASE 2.52 15,136.80 1/11/2005 10000 PURCHASE 2.53 25,345.00 1/11/2005 4000 PURCHASE 2.52 10,097.80 1/12/2005 7875 PURCHASE 2.71 21,346.05 1/12/2005 15000 PURCHASE 2.72 40,727.80 1/12/2005 10000 PURCHASE 2.74 27,448.13 1/12/2005 5000 PURCHASE 2.75 13,726.47 1/12/2005 1000 PURCHASE 2.73 2,729.80 1/12/2005 3200 PURCHASE 2.71 8,664.80 1/12/2005 29000 SALE 2.65 76,772.62 1/13/2005 2325 PURCHASE 2.60 6,049.80 1/13/2005 3000 PURCHASE 2.58 7,734.80 1/13/2005 10000 PURCHASE 2.60 25,998.13 1/13/2005 10000 PURCHASE 2.60 25,998.13 1/13/2005 10000 PURCHASE 2.60 25,998.13 1/14/2005 7000 PURCHASE 2.66 18,652.10 1/14/2005 2500 PURCHASE 2.68 6,705.55 6

1/14/2005 2500 PURCHASE 2.68 6,705.55 1/14/2005 2500 PURCHASE 2.68 6,705.55 1/14/2005 2500 PURCHASE 2.68 6,705.55 1/14/2005 3000 PURCHASE 2.70 8,105.70 1/14/2005 600 SALE 2.63 1,576.14 1/14/2005 1000 SALE 2.64 2,640.11 1/18/2005 15000 PURCHASE 3.03 45,417.00 1/18/2005 15000 PURCHASE 3.03 45,421.80 1/18/2005 5000 PURCHASE 3.07 15,338.80 1/18/2005 10000 PURCHASE 3.08 30,772.80 1/18/2005 5000 PURCHASE 3.07 15,338.80 1/19/2005 5000 PURCHASE 4.16 20,823.80 1/19/2005 500 PURCHASE 4.19 2,094.80 1/19/2005 33000 SALE 4.08 134,606.05 1/19/2005 17000 SALE 4.08 69,342.51 1/19/2005 2000 SALE 4.09 8,183.19 1/19/2005 6000 SALE 4.09 24,549.55 1/19/2005 10000 SALE 4.07 40,740.67 1/19/2005 7000 SALE 4.07 28,518.47 1/19/2005 15000 SALE 4.07 61,111.00 1/19/2005 500 SALE 3.92 1,961.95 1/19/2005 550 SALE 3.93 2,162.62 1/19/2005 425 SALE 3.91 1,660.93 1/19/2005 6600 SALE 3.98 26,286.93 1/19/2005 1000 SALE 3.98 3,982.87 1/19/2005 15000 SALE 4.07 61,106.20 1/19/2005 5600 SALE 3.98 22,302.80 1/19/2005 1150 SALE 3.98 4,576.22 1/19/2005 13000 SALE 4.06 52,828.07 1/19/2005 1800 SALE 4.07 7,333.32 1/19/2005 23200 SALE 4.07 94,518.36 1/19/2005 450 SALE 3.42 1,538.72 1/19/2005 150 SALE 3.42 512.91 1/19/2005 500 SALE 4.09 2,045.05 1/19/2005 4500 SALE 4.09 18,405.48 1/19/2005 3000 SALE 4.06 12,187.40 1/19/2005 2900 SALE 3.97 11,518.35 1/19/2005 3350 SALE 4.19 14,036.03 1/19/2005 1050 SALE 3.98 4,183.12 1/19/2005 2200 SALE 3.99 8,769.89 1/19/2005 2500 SALE 4.09 10,224.65 1/19/2005 18000 SALE 4.07 73,332.06 1/19/2005 50000 SALE 4.07 203,700.16 1/19/2005 5000 SALE 4.07 20,370.01 1/19/2005 2000 SALE 4.07 8,148.01 1/19/2005 24750 SALE 3.99 98,839.15 1/19/2005 3925 SALE 3.99 15,669.69 1/19/2005 14000 SALE 4.06 56,892.14 1/19/2005 600 SALE 4.04 2,421.63 1/19/2005 475 SALE 4.04 1,918.08 1/19/2005 325 SALE 4.04 1,312.37 1/19/2005 525 SALE 4.03 2,115.78 7

1/19/2005 175 SALE 4.03 705.26 1/19/2005 10000 SALE 4.06 40,635.87 1/19/2005 1400 SALE 4.06 5,686.49 1/19/2005 700 SALE 4.06 2,843.24 1/19/2005 36000 SALE 4.09 147,374.60 1/19/2005 3000 SALE 4.09 12,281.22 1/19/2005 900 SALE 4.06 3,657.01 1/19/2005 2500 SALE 4.06 10,158.38 1/19/2005 3300 SALE 4.06 13,409.05 1/19/2005 10000 SALE 4.06 40,635.87 1/19/2005 4300 SALE 4.06 17,471.92 1/19/2005 1500 SALE 4.06 6,094.86 1/19/2005 10000 SALE 4.06 40,637.47 1/19/2005 5000 SALE 4.06 20,318.73 1/19/2005 1800 SALE 4.07 7,321.24 1/19/2005 1000 SALE 4.07 4,067.35 1/19/2005 8800 SALE 4.06 35,760.77 1/19/2005 5200 SALE 4.06 21,131.37 1/19/2005 6700 SALE 4.06 27,225.47 1/19/2005 1800 SALE 4.06 7,314.30 1/19/2005 5000 SALE 4.06 20,318.73 1/19/2005 10000 SALE 4.06 40,637.47 1/19/2005 3500 SALE 4.05 14,184.43 1/19/2005 10000 SALE 4.06 40,635.87 1/19/2005 3000 SALE 4.07 12,204.00 1/19/2005 1500 SALE 4.07 6,102.00 1/19/2005 2500 SALE 4.06 10,156.74 1/19/2005 1000 SALE 4.06 4,062.69 1/19/2005 1275 SALE 3.97 5,061.41 1/19/2005 3900 SALE 3.97 15,491.85 1/19/2005 150000 SALE 4.06 608,919.82 1/19/2005 1150 SALE 4.06 4,670.22 1/19/2005 450 SALE 4.06 1,827.48 1/19/2005 10800 SALE 4.24 45,774.29 1/19/2005 8450 SALE 4.24 35,814.15 1/19/2005 1500 SALE 4.24 6,354.27 1/19/2005 800 SALE 4.24 3,388.95 1/19/2005 1600 SALE 4.24 6,778.04 1/19/2005 800 SALE 4.24 3,389.02 1/19/2005 700 SALE 4.07 2,846.04 1/19/2005 1300 SALE 4.06 5,280.00 1/19/2005 600 SALE 4.06 2,436.92 1/19/2005 10000 SALE 4.06 40,635.87 1/19/2005 1600 SALE 3.98 6,368.79 1/19/2005 2300 SALE 4.06 9,345.00 1/19/2005 2400 SALE 4.06 9,751.31 1/19/2005 3000 SALE 4.06 12,187.40 1/19/2005 5000 SALE 4.06 20,315.53 1/19/2005 1300 SALE 4.06 5,280.00 1/19/2005 600 SALE 4.06 2,436.92 1/19/2005 10000 SALE 4.05 40,538.75 1/19/2005 10000 SALE 4.05 40,538.75 8

1/19/2005 5000 SALE 4.05 20,269.38 1/19/2005 65000 SALE 4.07 264,811.25 1/19/2005 35000 SALE 4.07 142,590.68 1/19/2005 1500 SALE 3.98 5,970.45 1/19/2005 1275 SALE 3.98 5,074.16 1/19/2005 1225 SALE 3.98 4,874.98 1/19/2005 1225 SALE 3.98 4,874.98 1/19/2005 1400 SALE 3.98 5,572.10 1/19/2005 18150 SALE 3.99 72,482.04 1/20/2005 10000 PURCHASE 4.01 40,075.55 1/20/2005 5000 PURCHASE 4.03 20,140.18 1/20/2005 5000 PURCHASE 4.03 20,140.18 1/20/2005 8000 SALE 3.87 30,963.14 1/20/2005 2000 SALE 3.87 7,740.78 1/21/2005 800 PURCHASE 3.98 3,180.80 1/21/2005 1600 PURCHASE 3.97 6,356.80 1/24/2005 50000 PURCHASE 3.18 158,979.00 1/24/2005 50000 PURCHASE 3.18 159,229.00 1/24/2005 20000 PURCHASE 3.20 63,994.48 1/24/2005 20000 PURCHASE 3.20 63,994.48 1/24/2005 5000 PURCHASE 3.20 16,002.22 1/24/2005 5000 PURCHASE 3.20 16,002.22 1/24/2005 50000 SALE 3.26 163,129.80 1/25/2005 50000 SALE 3.42 170,931.20 1/25/2005 20000 SALE 3.40 67,969.60 1/25/2005 20000 SALE 3.40 67,969.60 1/25/2005 5000 SALE 3.50 17,494.61 1/25/2005 5000 SALE 3.50 17,494.61 1/26/2005 45000 PURCHASE 3.23 145,344.50 1/26/2005 25000 PURCHASE 3.22 80,507.08 1/31/2005 5000 PURCHASE 3.36 16,811.47 1/31/2005 5000 PURCHASE 3.38 16,911.47 1/31/2005 7000 PURCHASE 3.38 23,674.13 1/31/2005 5000 PURCHASE 3.38 16,911.47 1/31/2005 5000 PURCHASE 3.38 16,911.47 1/31/2005 3000 PURCHASE 3.38 10,148.80 2/1/2005 10000 SALE 3.64 36,394.53 2/1/2005 10000 SALE 3.64 36,394.54 2/1/2005 10000 SALE 3.64 36,394.53 2/1/2005 45000 SALE 3.61 162,458.29 2/1/2005 5000 SALE 3.61 18,050.92 2/1/2005 3000 SALE 3.62 10,861.84 2/3/2005 10000 PURCHASE 3.60 36,004.80 2/3/2005 10000 PURCHASE 3.60 36,004.80 2/3/2005 2500 PURCHASE 3.70 9,244.80 2/3/2005 8200 PURCHASE 3.56 29,196.80 2/3/2005 1900 PURCHASE 3.57 6,787.80 2/3/2005 5000 SALE 3.65 18,247.75 2/3/2005 5000 SALE 3.65 18,247.74 2/3/2005 5000 SALE 3.65 18,247.75 2/3/2005 5000 SALE 3.65 18,247.74 2/7/2005 15505 SALE 3.41 52,870.29 9

2/7/2005 4000 SALE 3.41 13,639.55 2/7/2005 5495 SALE 3.41 18,737.33 2/7/2005 25000 SALE 3.35 83,742.41 2/8/2005 3000 PURCHASE 3.17 9,504.80 2/8/2005 3000 SALE 3.14 9,424.86 2/8/2005 15300 SALE 3.10 47,445.84 2/8/2005 9700 SALE 3.10 30,080.05 2/9/2005 24500 PURCHASE 3.19 78,112.70 2/9/2005 5000 SALE 3.09 15,472.41 2/9/2005 12000 SALE 3.09 37,133.78 2/9/2005 5600 SALE 3.09 17,325.88 2/10/2005 1400 PURCHASE 3.15 4,414.80 2/10/2005 23400 PURCHASE 3.15 73,717.89 2/10/2005 450 PURCHASE 3.18 1,428.80 2/10/2005 425 PURCHASE 3.18 1,350.80 2/10/2005 1000 PURCHASE 3.14 3,144.80 2/10/2005 1100 PURCHASE 3.14 3,456.80 2/10/2005 15800 PURCHASE 3.14 49,537.80 2/11/2005 4000 PURCHASE 2.92 11,662.40 2/11/2005 1000 PURCHASE 2.90 2,901.90 2/11/2005 5000 PURCHASE 2.91 14,564.30 2/11/2005 10000 PURCHASE 2.94 29,423.80 2/14/2005 4000 SALE 2.71 10,827.64 2/14/2005 1000 SALE 2.71 2,712.11 2/16/2005 1000 SALE 2.79 2,789.90 2/17/2005 5000 PURCHASE 3.18 15,902.75 2/17/2005 5000 PURCHASE 3.18 15,907.55 2/17/2005 10000 PURCHASE 3.18 31,810.30 2/17/2005 1700 PURCHASE 3.09 5,253.00 2/18/2005 1500 SALE 3.03 4,539.84 2/18/2005 1500 SALE 3.06 4,590.03 2/18/2005 1500 SALE 3.08 4,615.03 2/23/2005 500 PURCHASE 3.00 1,499.80 2/23/2005 500 SALE 2.88 1,440.15 2/25/2005 9000 SALE 2.67 24,012.82 2/25/2005 11000 SALE 2.67 29,349.01 2/25/2005 500 SALE 2.63 1,316.86 2/25/2005 4000 SALE 2.68 10,713.52 2/25/2005 15000 SALE 2.65 39,795.17 2/25/2005 3500 SALE 2.68 9,376.66 2/25/2005 500 SALE 2.59 1,296.86 2/25/2005 550 SALE 2.60 1,431.03 2/25/2005 425 SALE 2.58 1,095.61 2/25/2005 7600 SALE 2.65 20,160.51 2/25/2005 3500 SALE 2.65 9,286.86 2/25/2005 5550 SALE 2.65 14,721.19 2/25/2005 1175 SALE 2.65 3,112.86 2/25/2005 8400 SALE 2.65 22,283.18 2/25/2005 50000 SALE 2.66 133,166.58 2/25/2005 200 SALE 2.56 512.77 2/25/2005 175 SALE 2.56 448.67 2/25/2005 3000 SALE 2.68 8,030.19 10

2/25/2005 2900 SALE 2.65 7,689.86 2/25/2005 2350 SALE 2.64 6,203.79 2/25/2005 1025 SALE 2.65 2,719.98 2/25/2005 2175 SALE 2.66 5,777.06 2/25/2005 1800 SALE 2.54 4,571.84 2/25/2005 25000 SALE 2.67 66,703.49 2/25/2005 5000 SALE 2.67 13,366.42 2/25/2005 25000 SALE 2.67 66,832.09 2/25/2005 10000 SALE 2.67 26,732.84 2/25/2005 10000 SALE 2.67 26,732.84 2/25/2005 50000 SALE 2.67 133,664.18 2/25/2005 24750 SALE 2.66 65,917.46 2/25/2005 3950 SALE 2.66 10,515.36 2/25/2005 1400 SALE 2.65 3,709.86 2/25/2005 8000 SALE 2.65 21,221.85 2/25/2005 250 SALE 2.60 650.36 2/25/2005 175 SALE 2.60 455.25 2/25/2005 75 SALE 2.52 189.03 2/25/2005 200 SALE 2.52 504.08 2/25/2005 225 SALE 2.58 581.35 2/25/2005 225 SALE 2.58 581.35 2/25/2005 5000 SALE 2.65 13,261.85 2/25/2005 400 SALE 2.63 1,053.42 2/25/2005 500 SALE 2.63 1,316.78 2/25/2005 9000 SALE 2.68 24,137.18 2/25/2005 12000 SALE 2.68 32,198.44 2/25/2005 20000 SALE 2.68 53,664.08 2/25/2005 20000 SALE 2.68 53,664.07 2/25/2005 10000 SALE 2.68 26,832.04 2/25/2005 28000 SALE 2.68 75,129.70 2/25/2005 10000 SALE 2.68 26,832.04 2/25/2005 20000 SALE 2.68 53,656.39 2/25/2005 5000 SALE 2.68 13,414.10 2/25/2005 5100 SALE 2.65 13,527.18 2/25/2005 1400 SALE 2.65 3,712.68 2/25/2005 2000 SALE 2.65 5,303.84 2/25/2005 5000 SALE 2.65 13,261.85 2/25/2005 22000 SALE 2.65 58,368.49 2/25/2005 500 SALE 2.65 1,327.16 2/25/2005 700 SALE 2.65 1,858.03 2/25/2005 2000 SALE 2.65 5,304.74 2/25/2005 3000 SALE 2.65 7,957.11 2/25/2005 2500 SALE 2.65 6,630.46 2/25/2005 1700 SALE 2.65 4,508.72 2/25/2005 12000 SALE 2.65 31,836.14 2/25/2005 3000 SALE 2.65 7,959.03 2/25/2005 900 SALE 2.66 2,390.22 2/25/2005 1000 SALE 2.66 2,655.81 2/25/2005 4500 SALE 2.65 11,935.19 2/25/2005 800 SALE 2.65 2,120.26 2/25/2005 800 SALE 2.65 2,120.26 2/25/2005 1275 SALE 2.65 3,378.19 11

2/25/2005 3850 SALE 2.65 10,210.53 2/25/2005 8400 SALE 2.67 22,409.18 2/25/2005 450 SALE 2.63 1,182.70 2/25/2005 425 SALE 2.62 1,115.61 2/25/2005 1000 SALE 2.66 2,658.53 2/25/2005 1100 SALE 2.66 2,926.86 2/25/2005 15800 SALE 2.67 42,154.84 2/25/2005 83000 SALE 2.62 217,726.68 2/25/2005 400 SALE 2.64 1,056.30 2/25/2005 300 SALE 2.64 792.22 2/25/2005 3550 SALE 2.68 9,523.76 2/25/2005 4700 SALE 2.68 12,608.93 2/25/2005 600 SALE 2.68 1,607.38 2/25/2005 500 SALE 2.68 1,339.48 2/25/2005 600 SALE 2.68 1,607.38 2/25/2005 500 SALE 2.68 1,339.48 2/25/2005 400 SALE 2.63 1,053.42 2/25/2005 500 SALE 2.63 1,316.78 2/25/2005 5000 SALE 2.65 13,265.46 2/25/2005 5000 SALE 2.65 13,265.46 2/25/2005 10000 SALE 2.65 26,530.91 2/25/2005 1600 SALE 2.65 4,240.52 2/25/2005 600 SALE 2.65 1,590.48 2/25/2005 1300 SALE 2.65 3,446.05 2/25/2005 232 SALE 2.65 615.41 2/25/2005 6768 SALE 2.65 17,953.11 2/25/2005 400 SALE 2.61 1,043.53 2/25/2005 15000 SALE 2.65 39,798.17 2/25/2005 25000 SALE 2.65 66,330.29 2/25/2005 45000 SALE 2.66 119,848.20 2/25/2005 80000 SALE 2.66 213,063.46 2/25/2005 2500 SALE 2.66 6,653.52 2/25/2005 400 SALE 2.65 1,059.96 2/25/2005 450 SALE 2.65 1,192.91 2/25/2005 1500 SALE 2.65 3,975.19 2/25/2005 1275 SALE 2.65 3,378.19 2/25/2005 1225 SALE 2.65 3,245.53 2/25/2005 1225 SALE 2.65 3,245.53 2/25/2005 1400 SALE 2.65 3,709.86 2/25/2005 10000 SALE 2.65 26,528.51 2/25/2005 600 SALE 2.63 1,575.19 2/25/2005 18150 SALE 2.66 48,339.46 12