Insider Trades - GREYLOCK XII GP LLC

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GREYLOCK XII GP LLC: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Pandora Media, Inc. Common Stoc Beneficial Owner (10% or more) NYSE:P (historical quotes, profile, other insiders)	25-May-12	964,313	Indirect

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
25-May-12 *6,650,000 P Disposition (Non Open Market) at $0 per share.
12-Mar-12 *4,085,000 P Disposition (Non Open Market) at $0 per share.
20-Jun-11 *19,766,470 P Acquisition (Non Open Market)
14-Jun-11 *550,505 P Statement of Ownership

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
25-May-12	*6,650,000	P	Disposition (Non Open Market) at $0 per share.
12-Mar-12	*4,085,000	P	Disposition (Non Open Market) at $0 per share.
20-Jun-11	*19,766,470	P	Acquisition (Non Open Market)
14-Jun-11	*550,505	P	Statement of Ownership