HERITAGE COMMERCE CORP

Ticker: HTBK CUSIP: 426927109 Class: Common Stock

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

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

Q1 2020

Shares 44,480 Value ($000) $341 Avg Close $10.58 Range $6.04 - $12.86

Q4 2019

Shares 44,480 Value ($000) $571 Avg Close $12.17 Range $11.10 - $13.14

Q3 2019

Shares 44,480 Value ($000) $523 Avg Close $11.88 Range $10.95 - $12.48

Q2 2019

Shares 44,480 Value ($000) $545 Avg Close $12.30 Range $11.57 - $12.96

Q1 2016

Shares 27,150 Value ($000) $272 Avg Close $9.82 Range $8.84 - $11.77

Q4 2015

Shares 27,150 Value ($000) $325 Avg Close $11.00 Range $10.11 - $12.38

Q3 2015

Shares 27,150 Value ($000) $308 Avg Close $10.74 Range $9.30 - $11.92

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	44,480	$341	$10.58	$6.04 - $12.86
Q4 2019	44,480	$571	$12.17	$11.10 - $13.14
Q3 2019	44,480	$523	$11.88	$10.95 - $12.48
Q2 2019	44,480	$545	$12.30	$11.57 - $12.96
Q1 2016	27,150	$272	$9.82	$8.84 - $11.77
Q4 2015	27,150	$325	$11.00	$10.11 - $12.38
Q3 2015	27,150	$308	$10.74	$9.30 - $11.92