MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM's Holding History (CIK: 0001081019)

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

Q1 2017
Shares 11,567 Value ($000) $563 Avg Close — Range —
Q4 2016
Shares 11,867 Value ($000) $643 Avg Close — Range —
Q3 2016
Shares 12,167 Value ($000) $394 Avg Close — Range —
Q2 2016
Shares 12,067 Value ($000) $368 Avg Close — Range —
Q1 2016
Shares 10,513 Value ($000) $313 Avg Close — Range —
Q4 2015
Shares 9,219 Value ($000) $290 Avg Close — Range —
Q3 2015
Shares 9,086 Value ($000) $267 Avg Close — Range —
Q2 2015
Shares 9,086 Value ($000) $300 Avg Close — Range —
Q1 2015
Shares 9,501 Value ($000) $277 Avg Close — Range —
Q4 2014
Shares 9,501 Value ($000) $291 Avg Close — Range —
Q3 2014
Shares 9,460 Value ($000) $267 Avg Close — Range —
Q2 2014
Shares 9,406 Value ($000) $301 Avg Close — Range —
Q1 2014
Shares 10,106 Value ($000) $330 Avg Close — Range —
Q4 2013
Shares 10,106 Value ($000) $339 Avg Close — Range —
Q3 2013
Shares 10,106 Value ($000) $293 Avg Close — Range —
Q2 2013
Shares 9,771 Value ($000) $289 Avg Close — Range —
Q1 2013
Shares 8,859 Value ($000) $267 Avg Close — Range —