BALCHEM CORP

Ticker: BCPC CUSIP: 057665200 Class: EQTY

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q2 2016

Shares 3,700 Value ($000) $221 Avg Close $58.00 Range $53.69 - $61.66

Q1 2016

Shares 25,800 Value ($000) $1,600 Avg Close $56.93 Range $50.38 - $62.55

Q4 2015

Shares 112,600 Value ($000) $6,846 Avg Close $61.32 Range $56.04 - $66.90

Q3 2015

Shares 112,600 Value ($000) $6,843 Avg Close $54.64 Range $48.95 - $59.82

Q2 2015

Shares 220,000 Value ($000) $12,258 Avg Close $54.29 Range $48.90 - $60.97

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	3,700	$221	$58.00	$53.69 - $61.66
Q1 2016	25,800	$1,600	$56.93	$50.38 - $62.55
Q4 2015	112,600	$6,846	$61.32	$56.04 - $66.90
Q3 2015	112,600	$6,843	$54.64	$48.95 - $59.82
Q2 2015	220,000	$12,258	$54.29	$48.90 - $60.97