MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q1 2017
Shares 7,674 Value ($000) $374 Avg Close — Range —
Q4 2016
Shares 7,674 Value ($000) $416 Avg Close — Range —
Q3 2016
Shares 7,674 Value ($000) $249 Avg Close — Range —
Q2 2016
Shares 7,674 Value ($000) $234 Avg Close — Range —
Q1 2016
Shares 7,674 Value ($000) $228 Avg Close — Range —
Q4 2015
Shares 7,674 Value ($000) $242 Avg Close — Range —
Q3 2015
Shares 7,674 Value ($000) $226 Avg Close — Range —
Q2 2015
Shares 7,674 Value ($000) $254 Avg Close — Range —
Q1 2015
Shares 7,674 Value ($000) $224 Avg Close — Range —
Q4 2014
Shares 7,674 Value ($000) $235 Avg Close — Range —
Q3 2014
Shares 8,722 Value ($000) $246 Avg Close — Range —
Q2 2014
Shares 8,722 Value ($000) $279 Avg Close — Range —
Q1 2014
Shares 8,722 Value ($000) $284 Avg Close — Range —
Q4 2013
Shares 8,722 Value ($000) $292 Avg Close — Range —
Q3 2013
Shares 8,722 Value ($000) $253 Avg Close — Range —
Q2 2013
Shares 8,722 Value ($000) $258 Avg Close — Range —