ANDERSONS INC

Ticker: ANDE CUSIP: 034164103 Class: EQTY

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 9,980 Value ($000) $187 Avg Close $18.54 Range $8.77 - $22.70

Q4 2019

Shares 9,980 Value ($000) $252 Avg Close $19.02 Range $15.16 - $22.59

Q3 2019

Shares 9,780 Value ($000) $219 Avg Close $21.93 Range $18.90 - $24.92

Q2 2019

Shares 7,870 Value ($000) $214 Avg Close $25.61 Range $22.42 - $28.82

Q1 2019

Shares 17,130 Value ($000) $552 Avg Close $29.63 Range $24.87 - $32.68

Q4 2018

Shares 16,880 Value ($000) $504 Avg Close $28.41 Range $23.47 - $32.51

Q2 2018

Shares 7,470 Value ($000) $255 Avg Close $27.83 Range $25.14 - $30.06

Q1 2018

Shares 20,180 Value ($000) $668 Avg Close $28.39 Range $25.42 - $31.16

Q4 2017

Shares 19,550 Value ($000) $609 Avg Close $27.78 Range $24.67 - $31.67

Q3 2017

Shares 20,140 Value ($000) $690 Avg Close $27.46 Range $25.55 - $28.99

Q2 2017

Shares 16,430 Value ($000) $561 Avg Close $29.50 Range $26.36 - $32.49

Q1 2017

Shares 5,940 Value ($000) $225 Avg Close $31.78 Range $29.97 - $36.55

Q4 2016

Shares 5,940 Value ($000) $266 Avg Close $32.02 Range $27.94 - $36.79

Q3 2016

Shares 5,830 Value ($000) $211 Avg Close $29.51 Range $27.84 - $31.39

Q2 2016

Shares 5,730 Value ($000) $205 Avg Close $26.56 Range $20.93 - $29.91

Q1 2016

Shares 5,580 Value ($000) $176 Avg Close $22.96 Range $18.78 - $26.05

Q4 2015

Shares 5,320 Value ($000) $169 Avg Close $27.76 Range $24.39 - $31.15

Q3 2015

Shares 5,250 Value ($000) $180 Avg Close $28.70 Range $25.55 - $31.85

Q2 2015

Shares 5,090 Value ($000) $199 Avg Close $33.95 Range $30.93 - $37.96

Q1 2015

Shares 5,100 Value ($000) $212 Avg Close $35.76 Range $30.73 - $42.85

Q4 2014

Shares 6,800 Value ($000) $362 Avg Close $44.83 Range $39.42 - $51.00

Q3 2014

Shares 6,800 Value ($000) $428 Avg Close $48.24 Range $40.90 - $55.36

Q2 2014

Shares 6,600 Value ($000) $341 Avg Close $43.45 Range $35.29 - $51.57

Q1 2014

Shares 8,500 Value ($000) $504 Avg Close $44.15 Range $39.97 - $47.25

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	9,980	$187	$18.54	$8.77 - $22.70
Q4 2019	9,980	$252	$19.02	$15.16 - $22.59
Q3 2019	9,780	$219	$21.93	$18.90 - $24.92
Q2 2019	7,870	$214	$25.61	$22.42 - $28.82
Q1 2019	17,130	$552	$29.63	$24.87 - $32.68
Q4 2018	16,880	$504	$28.41	$23.47 - $32.51
Q2 2018	7,470	$255	$27.83	$25.14 - $30.06
Q1 2018	20,180	$668	$28.39	$25.42 - $31.16
Q4 2017	19,550	$609	$27.78	$24.67 - $31.67
Q3 2017	20,140	$690	$27.46	$25.55 - $28.99
Q2 2017	16,430	$561	$29.50	$26.36 - $32.49
Q1 2017	5,940	$225	$31.78	$29.97 - $36.55
Q4 2016	5,940	$266	$32.02	$27.94 - $36.79
Q3 2016	5,830	$211	$29.51	$27.84 - $31.39
Q2 2016	5,730	$205	$26.56	$20.93 - $29.91
Q1 2016	5,580	$176	$22.96	$18.78 - $26.05
Q4 2015	5,320	$169	$27.76	$24.39 - $31.15
Q3 2015	5,250	$180	$28.70	$25.55 - $31.85
Q2 2015	5,090	$199	$33.95	$30.93 - $37.96
Q1 2015	5,100	$212	$35.76	$30.73 - $42.85
Q4 2014	6,800	$362	$44.83	$39.42 - $51.00
Q3 2014	6,800	$428	$48.24	$40.90 - $55.36
Q2 2014	6,600	$341	$43.45	$35.29 - $51.57
Q1 2014	8,500	$504	$44.15	$39.97 - $47.25