MARCHEX INC

Ticker: MCHX CUSIP: 56624R108 Class: CL B

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

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

Q3 2016

Shares 57,940 Value ($000) $160 Avg Close $2.96 Range $2.70 - $3.42

Q2 2016

Shares 57,940 Value ($000) $184 Avg Close $3.76 Range $3.05 - $4.60

Q1 2016

Shares 6,940 Value ($000) $31 Avg Close $4.02 Range $3.08 - $4.68

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	57,940	$160	$2.96	$2.70 - $3.42
Q2 2016	57,940	$184	$3.76	$3.05 - $4.60
Q1 2016	6,940	$31	$4.02	$3.08 - $4.68