FLOWERS FOODS INC

Ticker: FLO CUSIP: 343498101 Class: COM

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

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

Q1 2020

Shares 36,120 Value ($000) $741 Avg Close $17.07 Range $13.71 - $19.74

Q4 2019

Shares 35,700 Value ($000) $776 Avg Close $16.86 Range $15.81 - $17.92

Q3 2019

Shares 35,310 Value ($000) $817 Avg Close $17.82 Range $16.60 - $18.69

Q2 2019

Shares 33,920 Value ($000) $789 Avg Close $16.89 Range $15.91 - $18.35

Q1 2019

Shares 33,450 Value ($000) $713 Avg Close $15.17 Range $13.68 - $16.29

Q4 2018

Shares 44,090 Value ($000) $814 Avg Close $14.36 Range $13.41 - $15.25

Q2 2018

Shares 43,480 Value ($000) $906 Avg Close $15.71 Range $14.03 - $16.75

Q1 2018

Shares 57,580 Value ($000) $1,259 Avg Close $14.75 Range $13.22 - $16.12

Q4 2017

Shares 55,720 Value ($000) $1,076 Avg Close $13.91 Range $12.79 - $14.84

Q3 2017

Shares 55,720 Value ($000) $1,048 Avg Close $12.74 Range $12.01 - $13.63

Q2 2017

Shares 71,070 Value ($000) $1,230 Avg Close $13.35 Range $12.24 - $14.24

Q1 2017

Shares 84,240 Value ($000) $1,635 Avg Close $13.84 Range $13.10 - $14.75

Q4 2016

Shares 84,240 Value ($000) $1,682 Avg Close $11.49 Range $10.15 - $14.12

Q3 2016

Shares 81,730 Value ($000) $1,236 Avg Close $11.44 Range $9.87 - $13.50

Q2 2016

Shares 80,580 Value ($000) $1,511 Avg Close $12.73 Range $11.78 - $13.51

Q1 2016

Shares 62,280 Value ($000) $1,150 Avg Close $12.86 Range $10.58 - $14.93

Q4 2015

Shares 59,190 Value ($000) $1,272 Avg Close $16.40 Range $14.43 - $18.35

Q3 2015

Shares 58,440 Value ($000) $1,446 Avg Close $15.20 Range $13.58 - $17.43

Q2 2015

Shares 58,030 Value ($000) $1,227 Avg Close $14.91 Range $14.10 - $15.67

Q1 2015

Shares 55,900 Value ($000) $1,271 Avg Close $13.72 Range $12.30 - $15.34

Q4 2014

Shares 59,880 Value ($000) $1,149 Avg Close $12.39 Range $11.43 - $13.26

Q3 2014

Shares 49,900 Value ($000) $916 Avg Close $12.73 Range $11.86 - $13.91

Q2 2014

Shares 48,400 Value ($000) $1,020 Avg Close $13.40 Range $12.83 - $13.91

Q1 2014

Shares 48,400 Value ($000) $1,038 Avg Close $13.44 Range $12.03 - $14.30

Q4 2013

Shares 47,900 Value ($000) $1,028 Avg Close $14.47 Range $13.17 - $16.43

Q3 2013

Shares 28,300 Value ($000) $607 Avg Close $14.27 Range $12.87 - $15.60

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	36,120	$741	$17.07	$13.71 - $19.74
Q4 2019	35,700	$776	$16.86	$15.81 - $17.92
Q3 2019	35,310	$817	$17.82	$16.60 - $18.69
Q2 2019	33,920	$789	$16.89	$15.91 - $18.35
Q1 2019	33,450	$713	$15.17	$13.68 - $16.29
Q4 2018	44,090	$814	$14.36	$13.41 - $15.25
Q2 2018	43,480	$906	$15.71	$14.03 - $16.75
Q1 2018	57,580	$1,259	$14.75	$13.22 - $16.12
Q4 2017	55,720	$1,076	$13.91	$12.79 - $14.84
Q3 2017	55,720	$1,048	$12.74	$12.01 - $13.63
Q2 2017	71,070	$1,230	$13.35	$12.24 - $14.24
Q1 2017	84,240	$1,635	$13.84	$13.10 - $14.75
Q4 2016	84,240	$1,682	$11.49	$10.15 - $14.12
Q3 2016	81,730	$1,236	$11.44	$9.87 - $13.50
Q2 2016	80,580	$1,511	$12.73	$11.78 - $13.51
Q1 2016	62,280	$1,150	$12.86	$10.58 - $14.93
Q4 2015	59,190	$1,272	$16.40	$14.43 - $18.35
Q3 2015	58,440	$1,446	$15.20	$13.58 - $17.43
Q2 2015	58,030	$1,227	$14.91	$14.10 - $15.67
Q1 2015	55,900	$1,271	$13.72	$12.30 - $15.34
Q4 2014	59,880	$1,149	$12.39	$11.43 - $13.26
Q3 2014	49,900	$916	$12.73	$11.86 - $13.91
Q2 2014	48,400	$1,020	$13.40	$12.83 - $13.91
Q1 2014	48,400	$1,038	$13.44	$12.03 - $14.30
Q4 2013	47,900	$1,028	$14.47	$13.17 - $16.43
Q3 2013	28,300	$607	$14.27	$12.87 - $15.60