MERCHANTS BANCSHARES

CUSIP: 588448100 Class: COM

Chicago Capital Management, LLC's Holding History (CIK: 0001580162)

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

Q1 2017
Shares 404,631 Value ($000) $19,706 Avg Close — Range —
Q4 2016
Shares 397,823 Value ($000) $21,562 Avg Close — Range —