MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

PRELUDE CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001387508)

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

Q1 2017
Shares 19,161 Value ($000) $933 Avg Close — Range —
Q4 2016
Shares 19,161 Value ($000) $1,039 Avg Close — Range —
Q2 2016
Shares 100 Value ($000) $3 Avg Close — Range —
Q1 2016
Shares 1,100 Value ($000) $33 Avg Close — Range —
Q4 2015
Shares 2,200 Value ($000) $69 Avg Close — Range —
Q3 2015
Shares 2,200 Value ($000) $65 Avg Close — Range —
Q2 2015
Shares 2,200 Value ($000) $73 Avg Close — Range —
Q1 2015
Shares 1,700 Value ($000) $50 Avg Close — Range —
Q4 2014
Shares 1,700 Value ($000) $52 Avg Close — Range —
Q3 2014
Shares 2,400 Value ($000) $68 Avg Close — Range —
Q2 2014
Shares 1,600 Value ($000) $51 Avg Close — Range —
Q1 2014
Shares 1,200 Value ($000) $39 Avg Close — Range —