HERITAGE INS HLDGS INC

Ticker: HRTG CUSIP: 42727J102 Class: Common Stock

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

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

Q1 2017

Shares 82,010 Value ($000) $1,047 Avg Close $14.38 Range $12.06 - $16.18

Q4 2016

Shares 82,010 Value ($000) $1,285 Avg Close $13.92 Range $11.25 - $16.48

Q3 2016

Shares 54,450 Value ($000) $785 Avg Close $13.15 Range $11.50 - $15.10

Q2 2016

Shares 54,450 Value ($000) $655 Avg Close $13.33 Range $11.56 - $15.96

Q1 2016

Shares 12,850 Value ($000) $205 Avg Close $18.25 Range $14.72 - $21.41

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	82,010	$1,047	$14.38	$12.06 - $16.18
Q4 2016	82,010	$1,285	$13.92	$11.25 - $16.48
Q3 2016	54,450	$785	$13.15	$11.50 - $15.10
Q2 2016	54,450	$655	$13.33	$11.56 - $15.96
Q1 2016	12,850	$205	$18.25	$14.72 - $21.41