MERCANTILE BANK CORP

Ticker: MBWM CUSIP: 587376104 Class: Common Stock

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

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

Q1 2016

Shares 14,800 Value ($000) $332 Avg Close $15.54 Range $14.31 - $16.73

Q4 2015

Shares 15,180 Value ($000) $373 Avg Close $16.07 Range $13.15 - $17.93

Q3 2015

Shares 15,180 Value ($000) $315 Avg Close $13.89 Range $12.48 - $14.88

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	14,800	$332	$15.54	$14.31 - $16.73
Q4 2015	15,180	$373	$16.07	$13.15 - $17.93
Q3 2015	15,180	$315	$13.89	$12.48 - $14.88