FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

Gradient Investments LLC's Holding History (CIK: 0001542265)

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

Q3 2018

Shares 2,245 Value ($000) $96 Avg Close $35.48 Range $30.39 - $38.85

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	2,245	$96	$35.48	$30.39 - $38.85