MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM's Holding History (CIK: 0000919079)

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

Q1 2017
Shares 24,100 Value ($000) $1,174 Avg Close — Range —
Q4 2016
Shares 24,100 Value ($000) $1,306 Avg Close — Range —
Q3 2016
Shares 24,100 Value ($000) $781 Avg Close — Range —
Q2 2016
Shares 24,100 Value ($000) $735 Avg Close — Range —
Q1 2016
Shares 24,100 Value ($000) $717 Avg Close — Range —
Q4 2015
Shares 24,100 Value ($000) $759 Avg Close — Range —
Q3 2015
Shares 24,100 Value ($000) $709 Avg Close — Range —
Q2 2015
Shares 24,100 Value ($000) $797 Avg Close — Range —
Q1 2015
Shares 29,200 Value ($000) $827 Avg Close — Range —
Q4 2014
Shares 29,200 Value ($000) $827 Avg Close — Range —
Q3 2014
Shares 30,600 Value ($000) $863 Avg Close — Range —
Q2 2014
Shares 30,600 Value ($000) $979 Avg Close — Range —
Q1 2014
Shares 30,600 Value ($000) $949 Avg Close — Range —
Q4 2013
Shares 32,800 Value ($000) $1,094 Avg Close — Range —
Q3 2013
Shares 33,000 Value ($000) $955 Avg Close — Range —
Q2 2013
Shares 31,393 Value ($000) $928 Avg Close — Range —