MERCHANTS BANCORP IND

Ticker: MBIN CUSIP: 58844R108 Class: Common Stock

STEPHENS INC /AR/'s Holding History (CIK: 0000757657)

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

Q3 2018

Shares 10,000 Value ($000) $254 Avg Close $16.40 Range $13.60 - $17.65

Q2 2018

Shares 20,000 Value ($000) $571 Avg Close $14.85 Range $12.16 - $17.75

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	10,000	$254	$16.40	$13.60 - $17.65
Q2 2018	20,000	$571	$14.85	$12.16 - $17.75