EMERGENT BIOSOLUTIONS INC

Ticker: EBS CUSIP: 29089Q105 Class: Common Stock

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

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

Q1 2020

Shares 13,590 Value ($000) $786 Avg Close $57.63 Range $46.37 - $71.19

Q4 2019

Shares 13,420 Value ($000) $724 Avg Close $54.24 Range $50.71 - $61.77

Q3 2019

Shares 13,160 Value ($000) $688 Avg Close $46.58 Range $39.11 - $57.89

Q2 2019

Shares 13,480 Value ($000) $651 Avg Close $47.92 Range $39.64 - $54.57

Q1 2019

Shares 15,610 Value ($000) $789 Avg Close $58.99 Range $47.38 - $67.45

Q4 2018

Shares 15,100 Value ($000) $895 Avg Close $64.47 Range $54.00 - $73.89

Q2 2018

Shares 11,640 Value ($000) $587 Avg Close $52.10 Range $46.93 - $55.94

Q1 2018

Shares 17,520 Value ($000) $923 Avg Close $49.84 Range $42.67 - $54.87

Q4 2017

Shares 15,930 Value ($000) $740 Avg Close $42.09 Range $36.38 - $47.90

Q3 2017

Shares 13,180 Value ($000) $533 Avg Close $36.18 Range $32.48 - $40.60

Q2 2017

Shares 8,160 Value ($000) $277 Avg Close $30.87 Range $27.94 - $34.90

Q1 2017

Shares 10,720 Value ($000) $312 Avg Close $30.44 Range $28.06 - $35.00

Q4 2016

Shares 10,540 Value ($000) $347 Avg Close $29.98 Range $24.47 - $36.64

Q3 2016

Shares 9,450 Value ($000) $298 Avg Close $29.06 Range $26.12 - $34.10

Q2 2016

Shares 9,340 Value ($000) $263 Avg Close $39.20 Range $27.01 - $44.38

Q1 2016

Shares 9,090 Value ($000) $331 Avg Close $35.32 Range $31.26 - $39.29

Q4 2015

Shares 6,120 Value ($000) $245 Avg Close $34.87 Range $27.68 - $40.49

Q3 2015

Shares 5,870 Value ($000) $167 Avg Close $32.95 Range $27.82 - $36.20

Q2 2015

Shares 5,640 Value ($000) $186 Avg Close $31.00 Range $28.33 - $33.84

Q1 2015

Shares 5,500 Value ($000) $158 Avg Close $28.68 Range $25.97 - $30.96

Q4 2014

Shares 7,600 Value ($000) $207 Avg Close $23.83 Range $19.31 - $28.08

Q3 2014

Shares 7,600 Value ($000) $162 Avg Close $22.90 Range $20.11 - $25.41

Q2 2014

Shares 7,000 Value ($000) $157 Avg Close $23.29 Range $20.04 - $27.17

Q1 2014

Shares 7,000 Value ($000) $177 Avg Close $25.26 Range $21.72 - $28.48

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	13,590	$786	$57.63	$46.37 - $71.19
Q4 2019	13,420	$724	$54.24	$50.71 - $61.77
Q3 2019	13,160	$688	$46.58	$39.11 - $57.89
Q2 2019	13,480	$651	$47.92	$39.64 - $54.57
Q1 2019	15,610	$789	$58.99	$47.38 - $67.45
Q4 2018	15,100	$895	$64.47	$54.00 - $73.89
Q2 2018	11,640	$587	$52.10	$46.93 - $55.94
Q1 2018	17,520	$923	$49.84	$42.67 - $54.87
Q4 2017	15,930	$740	$42.09	$36.38 - $47.90
Q3 2017	13,180	$533	$36.18	$32.48 - $40.60
Q2 2017	8,160	$277	$30.87	$27.94 - $34.90
Q1 2017	10,720	$312	$30.44	$28.06 - $35.00
Q4 2016	10,540	$347	$29.98	$24.47 - $36.64
Q3 2016	9,450	$298	$29.06	$26.12 - $34.10
Q2 2016	9,340	$263	$39.20	$27.01 - $44.38
Q1 2016	9,090	$331	$35.32	$31.26 - $39.29
Q4 2015	6,120	$245	$34.87	$27.68 - $40.49
Q3 2015	5,870	$167	$32.95	$27.82 - $36.20
Q2 2015	5,640	$186	$31.00	$28.33 - $33.84
Q1 2015	5,500	$158	$28.68	$25.97 - $30.96
Q4 2014	7,600	$207	$23.83	$19.31 - $28.08
Q3 2014	7,600	$162	$22.90	$20.11 - $25.41
Q2 2014	7,000	$157	$23.29	$20.04 - $27.17
Q1 2014	7,000	$177	$25.26	$21.72 - $28.48