MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

NEW YORK STATE COMMON RETIREMENT FUND's Holding History (CIK: 0000810265)

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

Q1 2017
Shares 6,901 Value ($000) $336 Avg Close — Range —
Q4 2016
Shares 6,900 Value ($000) $374 Avg Close — Range —
Q3 2016
Shares 6,900 Value ($000) $223 Avg Close — Range —
Q2 2016
Shares 4,500 Value ($000) $137 Avg Close — Range —
Q1 2016
Shares 4,500 Value ($000) $134 Avg Close — Range —
Q4 2015
Shares 4,500 Value ($000) $142 Avg Close — Range —
Q3 2015
Shares 4,500 Value ($000) $132 Avg Close — Range —
Q2 2015
Shares 5,531 Value ($000) $183 Avg Close — Range —