Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1,F3,F4	Mar 21, 2016	P	10,000	$5.06	A	710,779	D
Common Stock^F1,F3,F4	Mar 22, 2016	P	2,112	$5.00	A	712,891	D
Common Stock^F1,F3,F4	Mar 23, 2016	P	11,862	$5.05	A	724,753	D
Common Stock^F2,F3,F4	Mar 23, 2016	P	4,100	$5.06	A	728,853	D

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1These securities are owned by Meridian OHC Partners, LP. The price reported in Column 4 is a weighted average price.
F2These securities are owned by BlueLine Capital Partners II, LP. The price reported in Column 4 is a weighted average price.
F3These shares reported herein were purchased in multiple transactions. The reporting persons undertake to provide to Cyanotech Corporation, any security holder of Cyanotech Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
F4As described in the Amendment #2 to Schedule 13G filing made on February 12, 2016 with respect to the Common Stock owned by Meridian OHC Partners, LP, Meridian TSV II, LP, TSV Investment Partners, LLC, BlueLine Capital Partners II, L.P. and BlueLine Partners, L.L.C., the Reporting Entities may have been deemed to be a "group" under Section 13(d) of the Securities Exchange Act and accordingly each Reporting Person may have been deemed to have beneficial ownership of 10% or more of the Common Stock.