MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

DIMENSIONAL FUND ADVISORS LP's Holding History (CIK: 0000354204)

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

Q1 2017
Shares 235,864 Value ($000) $11,487 Avg Close — Range —
Q4 2016
Shares 235,864 Value ($000) $12,784 Avg Close — Range —
Q3 2016
Shares 236,962 Value ($000) $7,675 Avg Close — Range —
Q2 2016
Shares 232,839 Value ($000) $7,097 Avg Close — Range —
Q1 2016
Shares 230,543 Value ($000) $6,856 Avg Close — Range —
Q4 2015
Shares 228,694 Value ($000) $7,202 Avg Close — Range —
Q3 2015
Shares 228,361 Value ($000) $6,714 Avg Close — Range —
Q2 2015
Shares 227,324 Value ($000) $7,518 Avg Close — Range —
Q1 2015
Shares 226,808 Value ($000) $6,616 Avg Close — Range —
Q4 2014
Shares 225,364 Value ($000) $6,903 Avg Close — Range —
Q3 2014
Shares 218,987 Value ($000) $6,173 Avg Close — Range —
Q2 2014
Shares 218,892 Value ($000) $7,000 Avg Close — Range —
Q1 2014
Shares 217,239 Value ($000) $7,084 Avg Close — Range —
Q4 2013
Shares 214,539 Value ($000) $7,187 Avg Close — Range —
Q3 2013
Shares 209,510 Value ($000) $6,065 Avg Close — Range —
Q2 2013
Shares 212,258 Value ($000) $6,276 Avg Close — Range —