HERSHEY CO

Ticker: HSY CUSIP: 427866108 Class: COM

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

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

Q1 2020

Shares 2,110 Value ($000) $280 Avg Close $128.46 Range $95.94 - $141.23

Q4 2019

Shares 2,110 Value ($000) $310 Avg Close $128.44 Range $120.24 - $136.96

Q3 2019

Shares 1,960 Value ($000) $304 Avg Close $130.18 Range $114.84 - $140.21

Q2 2019

Shares 1,930 Value ($000) $259 Avg Close $108.95 Range $96.71 - $119.86

Q1 2019

Shares 9,510 Value ($000) $1,092 Avg Close $92.82 Range $85.67 - $98.33

Q4 2018

Shares 11,360 Value ($000) $1,218 Avg Close $90.02 Range $83.70 - $93.74

Q2 2018

Shares 15,040 Value ($000) $1,400 Avg Close $77.82 Range $74.15 - $84.11

Q1 2018

Shares 15,610 Value ($000) $1,545 Avg Close $85.63 Range $79.23 - $94.75

Q4 2017

Shares 15,610 Value ($000) $1,772 Avg Close $90.64 Range $84.24 - $95.74

Q3 2017

Shares 3,650 Value ($000) $398 Avg Close $87.23 Range $84.75 - $90.95

Q2 2017

Shares 4,470 Value ($000) $480 Avg Close $89.83 Range $86.09 - $95.13

Q1 2017

Shares 8,030 Value ($000) $877 Avg Close $86.82 Range $82.06 - $89.26

Q4 2016

Shares 8,030 Value ($000) $830 Avg Close $79.47 Range $75.46 - $85.01

Q3 2016

Shares 4,440 Value ($000) $424 Avg Close $84.63 Range $75.80 - $91.46

Q2 2016

Shares 4,430 Value ($000) $503 Avg Close $74.40 Range $69.72 - $94.01

Q1 2016

Shares 4,400 Value ($000) $405 Avg Close $70.50 Range $64.94 - $74.38

Q4 2015

Shares 4,410 Value ($000) $394 Avg Close $70.38 Range $64.98 - $76.21

Q3 2015

Shares 4,380 Value ($000) $402 Avg Close $71.03 Range $64.48 - $73.88

Q2 2015

Shares 4,400 Value ($000) $391 Avg Close $73.07 Range $68.26 - $79.29

Q1 2015

Shares 4,400 Value ($000) $444 Avg Close $80.45 Range $75.95 - $85.66

Q4 2014

Shares 5,200 Value ($000) $540 Avg Close $74.66 Range $68.59 - $82.31

Q3 2014

Shares 5,200 Value ($000) $496 Avg Close $70.60 Range $66.83 - $74.33

Q2 2014

Shares 5,100 Value ($000) $497 Avg Close $74.38 Range $71.97 - $79.21

Q1 2014

Shares 5,100 Value ($000) $532 Avg Close $77.22 Range $71.70 - $82.25

Q4 2013

Shares 5,000 Value ($000) $486 Avg Close $72.20 Range $67.86 - $75.97

Q3 2013

Shares 5,000 Value ($000) $463 Avg Close $69.67 Range $66.17 - $73.07

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	2,110	$280	$128.46	$95.94 - $141.23
Q4 2019	2,110	$310	$128.44	$120.24 - $136.96
Q3 2019	1,960	$304	$130.18	$114.84 - $140.21
Q2 2019	1,930	$259	$108.95	$96.71 - $119.86
Q1 2019	9,510	$1,092	$92.82	$85.67 - $98.33
Q4 2018	11,360	$1,218	$90.02	$83.70 - $93.74
Q2 2018	15,040	$1,400	$77.82	$74.15 - $84.11
Q1 2018	15,610	$1,545	$85.63	$79.23 - $94.75
Q4 2017	15,610	$1,772	$90.64	$84.24 - $95.74
Q3 2017	3,650	$398	$87.23	$84.75 - $90.95
Q2 2017	4,470	$480	$89.83	$86.09 - $95.13
Q1 2017	8,030	$877	$86.82	$82.06 - $89.26
Q4 2016	8,030	$830	$79.47	$75.46 - $85.01
Q3 2016	4,440	$424	$84.63	$75.80 - $91.46
Q2 2016	4,430	$503	$74.40	$69.72 - $94.01
Q1 2016	4,400	$405	$70.50	$64.94 - $74.38
Q4 2015	4,410	$394	$70.38	$64.98 - $76.21
Q3 2015	4,380	$402	$71.03	$64.48 - $73.88
Q2 2015	4,400	$391	$73.07	$68.26 - $79.29
Q1 2015	4,400	$444	$80.45	$75.95 - $85.66
Q4 2014	5,200	$540	$74.66	$68.59 - $82.31
Q3 2014	5,200	$496	$70.60	$66.83 - $74.33
Q2 2014	5,100	$497	$74.38	$71.97 - $79.21
Q1 2014	5,100	$532	$77.22	$71.70 - $82.25
Q4 2013	5,000	$486	$72.20	$67.86 - $75.97
Q3 2013	5,000	$463	$69.67	$66.17 - $73.07