GALLAGHER ARTHUR J & CO

Ticker: AJG CUSIP: 363576109 Class: COM

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

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

Q1 2020

Shares 2,670 Value ($000) $218 Avg Close $89.38 Range $60.94 - $102.05

Q4 2019

Shares 2,600 Value ($000) $248 Avg Close $85.11 Range $79.19 - $89.69

Q3 2019

Shares 2,600 Value ($000) $233 Avg Close $83.14 Range $79.33 - $85.65

Q2 2019

Shares 2,530 Value ($000) $222 Avg Close $76.79 Range $71.30 - $81.81

Q1 2019

Shares 2,470 Value ($000) $193 Avg Close $70.56 Range $64.39 - $74.18

Q4 2018

Shares 4,830 Value ($000) $356 Avg Close $67.97 Range $62.33 - $71.85

Q2 2018

Shares 4,830 Value ($000) $315 Avg Close $60.98 Range $58.35 - $63.75

Q1 2018

Shares 4,650 Value ($000) $320 Avg Close $60.39 Range $55.42 - $65.39

Q4 2017

Shares 4,650 Value ($000) $294 Avg Close $56.83 Range $54.05 - $60.12

Q3 2017

Shares 4,650 Value ($000) $286 Avg Close $52.01 Range $49.57 - $54.94

Q2 2017

Shares 5,850 Value ($000) $335 Avg Close $49.64 Range $47.74 - $52.14

Q1 2017

Shares 5,850 Value ($000) $331 Avg Close $48.08 Range $45.07 - $50.65

Q4 2016

Shares 5,850 Value ($000) $304 Avg Close $43.55 Range $40.73 - $45.38

Q3 2016

Shares 5,680 Value ($000) $289 Avg Close $42.42 Range $40.40 - $44.25

Q2 2016

Shares 5,760 Value ($000) $274 Avg Close $39.55 Range $36.70 - $41.44

Q1 2016

Shares 59,040 Value ($000) $2,626 Avg Close $33.74 Range $30.29 - $37.98

Q4 2015

Shares 55,810 Value ($000) $2,285 Avg Close $35.98 Range $33.21 - $37.20

Q3 2015

Shares 53,400 Value ($000) $2,204 Avg Close $37.63 Range $33.11 - $40.01

Q2 2015

Shares 51,830 Value ($000) $2,452 Avg Close $39.66 Range $38.04 - $40.98

Q1 2015

Shares 48,800 Value ($000) $2,281 Avg Close $38.18 Range $36.06 - $39.70

Q4 2014

Shares 51,650 Value ($000) $2,432 Avg Close $38.03 Range $35.07 - $40.13

Q3 2014

Shares 44,600 Value ($000) $2,023 Avg Close $37.00 Range $35.50 - $38.49

Q2 2014

Shares 42,500 Value ($000) $1,981 Avg Close $36.40 Range $34.22 - $38.53

Q1 2014

Shares 36,400 Value ($000) $1,732 Avg Close $36.99 Range $34.79 - $39.33

Q4 2013

Shares 35,000 Value ($000) $1,643 Avg Close $36.51 Range $34.17 - $38.03

Q3 2013

Shares 20,800 Value ($000) $908 Avg Close $34.24 Range $32.24 - $35.69

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	2,670	$218	$89.38	$60.94 - $102.05
Q4 2019	2,600	$248	$85.11	$79.19 - $89.69
Q3 2019	2,600	$233	$83.14	$79.33 - $85.65
Q2 2019	2,530	$222	$76.79	$71.30 - $81.81
Q1 2019	2,470	$193	$70.56	$64.39 - $74.18
Q4 2018	4,830	$356	$67.97	$62.33 - $71.85
Q2 2018	4,830	$315	$60.98	$58.35 - $63.75
Q1 2018	4,650	$320	$60.39	$55.42 - $65.39
Q4 2017	4,650	$294	$56.83	$54.05 - $60.12
Q3 2017	4,650	$286	$52.01	$49.57 - $54.94
Q2 2017	5,850	$335	$49.64	$47.74 - $52.14
Q1 2017	5,850	$331	$48.08	$45.07 - $50.65
Q4 2016	5,850	$304	$43.55	$40.73 - $45.38
Q3 2016	5,680	$289	$42.42	$40.40 - $44.25
Q2 2016	5,760	$274	$39.55	$36.70 - $41.44
Q1 2016	59,040	$2,626	$33.74	$30.29 - $37.98
Q4 2015	55,810	$2,285	$35.98	$33.21 - $37.20
Q3 2015	53,400	$2,204	$37.63	$33.11 - $40.01
Q2 2015	51,830	$2,452	$39.66	$38.04 - $40.98
Q1 2015	48,800	$2,281	$38.18	$36.06 - $39.70
Q4 2014	51,650	$2,432	$38.03	$35.07 - $40.13
Q3 2014	44,600	$2,023	$37.00	$35.50 - $38.49
Q2 2014	42,500	$1,981	$36.40	$34.22 - $38.53
Q1 2014	36,400	$1,732	$36.99	$34.79 - $39.33
Q4 2013	35,000	$1,643	$36.51	$34.17 - $38.03
Q3 2013	20,800	$908	$34.24	$32.24 - $35.69