MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

FMR LLC's Holding History (CIK: 0000315066)

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

Q3 2016
Shares 10,000 Value ($000) $324 Avg Close — Range —
Q2 2016
Shares 10,000 Value ($000) $305 Avg Close — Range —
Q1 2016
Shares 10,000 Value ($000) $297 Avg Close — Range —
Q4 2015
Shares 10,000 Value ($000) $315 Avg Close — Range —
Q3 2015
Shares 11,410 Value ($000) $335 Avg Close — Range —
Q2 2015
Shares 11,410 Value ($000) $377 Avg Close — Range —
Q1 2015
Shares 10,000 Value ($000) $292 Avg Close — Range —
Q1 2014
Shares 21,650 Value ($000) $706 Avg Close — Range —
Q4 2013
Shares 24,019 Value ($000) $805 Avg Close — Range —