MERCHANTS BANCORP IND

Ticker: MBIN CUSIP: 58844R108 Class: Common Stock

ELEMENT CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001535630)

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

Q3 2018

Shares 9,446 Value ($000) $240 Avg Close $16.40 Range $13.60 - $17.65

Q2 2018

Shares 7,065 Value ($000) $202 Avg Close $14.85 Range $12.16 - $17.75

Q1 2018

Shares 14,545 Value ($000) $313 Avg Close $12.86 Range $11.87 - $14.47

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	9,446	$240	$16.40	$13.60 - $17.65
Q2 2018	7,065	$202	$14.85	$12.16 - $17.75
Q1 2018	14,545	$313	$12.86	$11.87 - $14.47