FIRST MERCHANTS CORP

Ticker: FRME CUSIP: 320817109 Class: COM

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

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

Q2 2015

Shares 33,600 Value ($000) $830 Avg Close $17.41 Range $16.29 - $18.80

Q1 2015

Shares 33,600 Value ($000) $791 Avg Close $16.75 Range $15.70 - $17.66

Q4 2014

Shares 33,600 Value ($000) $764 Avg Close $15.93 Range $14.60 - $17.19

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	33,600	$830	$17.41	$16.29 - $18.80
Q1 2015	33,600	$791	$16.75	$15.70 - $17.66
Q4 2014	33,600	$764	$15.93	$14.60 - $17.19