MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

Brandywine Global Investment Management, LLC's Holding History (CIK: 0000829108)

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

Q3 2016
Shares 2,810 Value ($000) $92 Avg Close — Range —
Q2 2016
Shares 2,810 Value ($000) $86 Avg Close — Range —
Q1 2016
Shares 2,610 Value ($000) $78 Avg Close — Range —
Q4 2015
Shares 2,810 Value ($000) $89 Avg Close — Range —
Q3 2015
Shares 2,010 Value ($000) $60 Avg Close — Range —
Q2 2015
Shares 2,010 Value ($000) $67 Avg Close — Range —
Q1 2015
Shares 2,010 Value ($000) $59 Avg Close — Range —
Q4 2014
Shares 2,010 Value ($000) $62 Avg Close — Range —
Q3 2014
Shares 2,010 Value ($000) $57 Avg Close — Range —
Q2 2014
Shares 2,040 Value ($000) $66 Avg Close — Range —
Q1 2014
Shares 3,140 Value ($000) $103 Avg Close — Range —
Q4 2013
Shares 3,190 Value ($000) $107 Avg Close — Range —
Q3 2013
Shares 4,290 Value ($000) $125 Avg Close — Range —
Q2 2013
Shares 4,290 Value ($000) $127 Avg Close — Range —