CATERPILLAR INC

Ticker: CAT CUSIP: 149123101 Class: COM

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

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

Q1 2020

Shares 13,080 Value ($000) $1,518 Avg Close $113.38 Range $77.78 - $132.89

Q4 2019

Shares 13,080 Value ($000) $1,932 Avg Close $123.01 Range $102.69 - $131.46

Q3 2019

Shares 13,080 Value ($000) $1,652 Avg Close $111.09 Range $97.87 - $122.22

Q2 2019

Shares 13,040 Value ($000) $1,777 Avg Close $114.70 Range $103.20 - $125.83

Q1 2019

Shares 13,040 Value ($000) $1,767 Avg Close $114.61 Range $103.38 - $123.15

Q4 2018

Shares 21,010 Value ($000) $2,670 Avg Close $111.50 Range $96.19 - $135.93

Q2 2018

Shares 15,850 Value ($000) $2,150 Avg Close $126.53 Range $112.48 - $137.00

Q1 2018

Shares 15,660 Value ($000) $2,308 Avg Close $133.07 Range $120.49 - $146.01

Q4 2017

Shares 15,270 Value ($000) $2,406 Avg Close $116.31 Range $103.45 - $133.20

Q3 2017

Shares 15,270 Value ($000) $1,904 Avg Close $96.02 Range $87.71 - $104.79

Q2 2017

Shares 18,880 Value ($000) $2,029 Avg Close $84.05 Range $74.79 - $89.64

Q1 2017

Shares 18,880 Value ($000) $1,751 Avg Close $77.69 Range $74.24 - $81.74

Q4 2016

Shares 18,720 Value ($000) $1,736 Avg Close $73.74 Range $65.47 - $79.39

Q3 2016

Shares 18,490 Value ($000) $1,641 Avg Close $66.01 Range $58.78 - $71.89

Q2 2016

Shares 18,430 Value ($000) $1,397 Avg Close $59.82 Range $55.25 - $64.10

Q1 2016

Shares 17,890 Value ($000) $1,369 Avg Close $53.06 Range $44.66 - $61.22

Q4 2015

Shares 18,170 Value ($000) $1,235 Avg Close $54.58 Range $48.84 - $59.43

Q3 2015

Shares 18,020 Value ($000) $1,178 Avg Close $59.11 Range $48.76 - $65.71

Q2 2015

Shares 18,020 Value ($000) $1,528 Avg Close $65.86 Range $60.39 - $68.73

Q1 2015

Shares 17,900 Value ($000) $1,433 Avg Close $63.13 Range $59.48 - $69.69

Q4 2014

Shares 21,600 Value ($000) $1,977 Avg Close $73.34 Range $66.42 - $80.82

Q3 2014

Shares 21,600 Value ($000) $2,139 Avg Close $79.29 Range $73.57 - $83.32

Q2 2014

Shares 21,700 Value ($000) $2,358 Avg Close $78.02 Range $73.19 - $81.73

Q1 2014

Shares 21,700 Value ($000) $2,156 Avg Close $69.69 Range $63.53 - $74.44

Q4 2013

Shares 21,800 Value ($000) $1,980 Avg Close $62.67 Range $60.17 - $67.37

Q3 2013

Shares 21,800 Value ($000) $1,817 Avg Close $61.64 Range $58.99 - $64.50

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	13,080	$1,518	$113.38	$77.78 - $132.89
Q4 2019	13,080	$1,932	$123.01	$102.69 - $131.46
Q3 2019	13,080	$1,652	$111.09	$97.87 - $122.22
Q2 2019	13,040	$1,777	$114.70	$103.20 - $125.83
Q1 2019	13,040	$1,767	$114.61	$103.38 - $123.15
Q4 2018	21,010	$2,670	$111.50	$96.19 - $135.93
Q2 2018	15,850	$2,150	$126.53	$112.48 - $137.00
Q1 2018	15,660	$2,308	$133.07	$120.49 - $146.01
Q4 2017	15,270	$2,406	$116.31	$103.45 - $133.20
Q3 2017	15,270	$1,904	$96.02	$87.71 - $104.79
Q2 2017	18,880	$2,029	$84.05	$74.79 - $89.64
Q1 2017	18,880	$1,751	$77.69	$74.24 - $81.74
Q4 2016	18,720	$1,736	$73.74	$65.47 - $79.39
Q3 2016	18,490	$1,641	$66.01	$58.78 - $71.89
Q2 2016	18,430	$1,397	$59.82	$55.25 - $64.10
Q1 2016	17,890	$1,369	$53.06	$44.66 - $61.22
Q4 2015	18,170	$1,235	$54.58	$48.84 - $59.43
Q3 2015	18,020	$1,178	$59.11	$48.76 - $65.71
Q2 2015	18,020	$1,528	$65.86	$60.39 - $68.73
Q1 2015	17,900	$1,433	$63.13	$59.48 - $69.69
Q4 2014	21,600	$1,977	$73.34	$66.42 - $80.82
Q3 2014	21,600	$2,139	$79.29	$73.57 - $83.32
Q2 2014	21,700	$2,358	$78.02	$73.19 - $81.73
Q1 2014	21,700	$2,156	$69.69	$63.53 - $74.44
Q4 2013	21,800	$1,980	$62.67	$60.17 - $67.37
Q3 2013	21,800	$1,817	$61.64	$58.99 - $64.50