LINCOLN NATL CORP IND

Ticker: LNC CUSIP: 534187109 Class: EQTY

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

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

Q2 2020

Shares 14,240 Value ($000) $524 Avg Close $26.63 Range $16.94 - $38.10

Q1 2020

Shares 17,110 Value ($000) $451 Avg Close $35.47 Range $12.05 - $46.34

Q4 2019

Shares 17,110 Value ($000) $1,009 Avg Close $43.69 Range $39.75 - $46.76

Q3 2019

Shares 17,110 Value ($000) $1,032 Avg Close $44.10 Range $37.49 - $49.55

Q2 2019

Shares 17,110 Value ($000) $1,103 Avg Close $46.85 Range $43.36 - $49.53

Q1 2019

Shares 2,870 Value ($000) $168 Avg Close $43.17 Range $35.99 - $46.81

Q4 2018

Shares 5,720 Value ($000) $293 Avg Close $44.01 Range $34.81 - $51.38

Q2 2018

Shares 16,980 Value ($000) $1,057 Avg Close $49.05 Range $43.87 - $53.19

Q1 2018

Shares 14,120 Value ($000) $1,032 Avg Close $55.97 Range $50.06 - $61.86

Q4 2017

Shares 14,120 Value ($000) $1,086 Avg Close $53.76 Range $51.55 - $55.96

Q3 2017

Shares 12,470 Value ($000) $916 Avg Close $49.94 Range $45.84 - $53.65

Q2 2017

Shares 14,170 Value ($000) $957 Avg Close $46.60 Range $44.18 - $48.85

Q1 2017

Shares 15,820 Value ($000) $1,036 Avg Close $47.98 Range $43.13 - $51.45

Q4 2016

Shares 15,820 Value ($000) $1,049 Avg Close $40.64 Range $32.41 - $48.56

Q3 2016

Shares 20,490 Value ($000) $963 Avg Close $31.11 Range $24.86 - $33.70

Q2 2016

Shares 20,440 Value ($000) $793 Avg Close $29.28 Range $24.35 - $32.24

Q1 2016

Shares 13,020 Value ($000) $511 Avg Close $26.78 Range $20.85 - $33.78

Q4 2015

Shares 13,200 Value ($000) $663 Avg Close $35.70 Range $30.96 - $39.26

Q3 2015

Shares 13,130 Value ($000) $623 Avg Close $36.43 Range $31.10 - $41.45

Q2 2015

Shares 13,740 Value ($000) $814 Avg Close $39.64 Range $37.76 - $42.04

Q1 2015

Shares 7,700 Value ($000) $442 Avg Close $37.68 Range $33.63 - $41.06

Q4 2014

Shares 9,100 Value ($000) $525 Avg Close $36.59 Range $30.42 - $39.78

Q3 2014

Shares 9,100 Value ($000) $488 Avg Close $35.63 Range $33.57 - $37.88

Q2 2014

Shares 8,900 Value ($000) $458 Avg Close $33.01 Range $30.48 - $35.48

Q1 2014

Shares 8,900 Value ($000) $451 Avg Close $33.47 Range $30.44 - $35.47

Q4 2013

Shares 9,200 Value ($000) $475 Avg Close $31.80 Range $27.12 - $34.71

Q3 2013

Shares 9,200 Value ($000) $386 Avg Close $27.94 Range $24.24 - $30.10

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	14,240	$524	$26.63	$16.94 - $38.10
Q1 2020	17,110	$451	$35.47	$12.05 - $46.34
Q4 2019	17,110	$1,009	$43.69	$39.75 - $46.76
Q3 2019	17,110	$1,032	$44.10	$37.49 - $49.55
Q2 2019	17,110	$1,103	$46.85	$43.36 - $49.53
Q1 2019	2,870	$168	$43.17	$35.99 - $46.81
Q4 2018	5,720	$293	$44.01	$34.81 - $51.38
Q2 2018	16,980	$1,057	$49.05	$43.87 - $53.19
Q1 2018	14,120	$1,032	$55.97	$50.06 - $61.86
Q4 2017	14,120	$1,086	$53.76	$51.55 - $55.96
Q3 2017	12,470	$916	$49.94	$45.84 - $53.65
Q2 2017	14,170	$957	$46.60	$44.18 - $48.85
Q1 2017	15,820	$1,036	$47.98	$43.13 - $51.45
Q4 2016	15,820	$1,049	$40.64	$32.41 - $48.56
Q3 2016	20,490	$963	$31.11	$24.86 - $33.70
Q2 2016	20,440	$793	$29.28	$24.35 - $32.24
Q1 2016	13,020	$511	$26.78	$20.85 - $33.78
Q4 2015	13,200	$663	$35.70	$30.96 - $39.26
Q3 2015	13,130	$623	$36.43	$31.10 - $41.45
Q2 2015	13,740	$814	$39.64	$37.76 - $42.04
Q1 2015	7,700	$442	$37.68	$33.63 - $41.06
Q4 2014	9,100	$525	$36.59	$30.42 - $39.78
Q3 2014	9,100	$488	$35.63	$33.57 - $37.88
Q2 2014	8,900	$458	$33.01	$30.48 - $35.48
Q1 2014	8,900	$451	$33.47	$30.44 - $35.47
Q4 2013	9,200	$475	$31.80	$27.12 - $34.71
Q3 2013	9,200	$386	$27.94	$24.24 - $30.10