GARDNER MICHAEL

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Buy signal Sell signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2008-09-26	2008-09-25	Immsi SpA (IMS)	S Sale	72,343 -23.5% 475.93 US$1,123,102	72,343 -23.5%	475.93	US$1,123,102
2008-09-26	2008-09-24	Immsi SpA (IMS)	S Sale	91,326 -15.4% 113.84 US$2,619,948	91,326 -15.4%	113.84	US$2,619,948
2008-09-23	2008-09-23	Immsi SpA (IMS)	S Sale	60,631 +18.4% 134.32 US$210,481	60,631 +18.4%	134.32	US$210,481
2008-09-23	2008-09-22	Immsi SpA (IMS)	S Sale	5,000 -0.1% 0.20 US$975	5,000 -0.1%	0.20	US$975
2008-09-23	2008-09-19	Immsi SpA (IMS)	S Sale	23,800 -0.3% 0.21 US$4,898	23,800 -0.3%	0.21	US$4,898
2008-09-05	2008-09-03	Immsi SpA (IMS)	S Sale	100,000 -1.1% 0.22 US$21,900	100,000 -1.1%	0.22	US$21,900
2008-06-11	2008-06-10	Immsi SpA (IMS)	S Sale	23,000 -0.3% 0.48 US$11,040	23,000 -0.3%	0.48	US$11,040
2008-06-11	2008-06-09	Immsi SpA (IMS)	S Sale	4,000 -0.0% 0.49 US$1,960	4,000 -0.0%	0.49	US$1,960
2008-06-10	2008-06-06	Immsi SpA (IMS)	S Sale	7,000 -0.1% 0.51 US$3,570	7,000 -0.1%	0.51	US$3,570
2008-06-10	2008-06-05	Immsi SpA (IMS)	S Sale	5,000 -0.1% 0.52 US$2,600	5,000 -0.1%	0.52	US$2,600
2008-06-10	2007-08-28	Immsi SpA (IMS)	S Sale	175,000 -9.3% 0.40 US$70,000	175,000 -9.3%	0.40	US$70,000
2007-03-27	2007-02-02	Immsi SpA (IMS)	S Sale	500,000 -11.8% 1.00 US$500,000	500,000 -11.8%	1.00	US$500,000