INDEPENDENT BK CORP MICH

Ticker: IBCP CUSIP: 453838609 Class: Common Stock

Employees Retirement System of Texas's Holding History (CIK: 0001398739)

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

Q2 2014

Shares 61,900 Value ($000) $797 Avg Close $8.83 Range $8.53 - $9.51

Q1 2014

Shares 175,000 Value ($000) $2,272 Avg Close $8.84 Range $8.03 - $9.71

Q4 2013

Shares 175,000 Value ($000) $2,100 Avg Close $7.31 Range $5.90 - $8.49

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	61,900	$797	$8.83	$8.53 - $9.51
Q1 2014	175,000	$2,272	$8.84	$8.03 - $9.71
Q4 2013	175,000	$2,100	$7.31	$5.90 - $8.49