NATIONAL FUEL GAS CO

Ticker: NFG CUSIP: 636180101 Class: Com

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 16,200 Value ($000) $604 Avg Close $40.99 Range $31.58 - $46.67

Q4 2019

Shares 16,010 Value ($000) $745 Avg Close $45.59 Range $42.98 - $47.70

Q3 2019

Shares 15,840 Value ($000) $743 Avg Close $48.58 Range $45.47 - $54.61

Q2 2019

Shares 15,950 Value ($000) $841 Avg Close $56.93 Range $51.71 - $61.27

Q1 2019

Shares 15,670 Value ($000) $955 Avg Close $58.07 Range $49.75 - $61.71

Q4 2018

Shares 20,660 Value ($000) $1,057 Avg Close $54.80 Range $49.60 - $59.15

Q2 2018

Shares 20,140 Value ($000) $1,067 Avg Close $51.80 Range $50.01 - $53.75

Q1 2018

Shares 26,660 Value ($000) $1,372 Avg Close $52.27 Range $48.31 - $57.55

Q4 2017

Shares 25,860 Value ($000) $1,420 Avg Close $57.14 Range $54.14 - $59.90

Q3 2017

Shares 25,860 Value ($000) $1,464 Avg Close $57.91 Range $54.89 - $59.92

Q2 2017

Shares 32,970 Value ($000) $1,841 Avg Close $56.29 Range $53.03 - $61.20

Q1 2017

Shares 39,470 Value ($000) $2,353 Avg Close $58.87 Range $54.67 - $61.25

Q4 2016

Shares 39,000 Value ($000) $2,209 Avg Close $54.73 Range $50.61 - $58.78

Q3 2016

Shares 38,130 Value ($000) $2,062 Avg Close $56.52 Range $53.81 - $59.62

Q2 2016

Shares 37,590 Value ($000) $2,153 Avg Close $53.96 Range $47.49 - $57.06

Q1 2016

Shares 28,260 Value ($000) $1,426 Avg Close $46.05 Range $39.79 - $51.53

Q4 2015

Shares 27,070 Value ($000) $1,168 Avg Close $47.49 Range $37.03 - $56.64

Q3 2015

Shares 26,630 Value ($000) $1,341 Avg Close $54.03 Range $48.61 - $59.39

Q2 2015

Shares 26,550 Value ($000) $1,564 Avg Close $63.16 Range $58.83 - $66.07

Q1 2015

Shares 25,500 Value ($000) $1,548 Avg Close $64.26 Range $57.73 - $70.19

Q4 2014

Shares 27,310 Value ($000) $1,909 Avg Close $69.02 Range $64.31 - $72.21

Q3 2014

Shares 23,800 Value ($000) $1,675 Avg Close $73.27 Range $65.29 - $78.79

Q2 2014

Shares 23,100 Value ($000) $1,818 Avg Close $73.73 Range $68.50 - $78.46

Q1 2014

Shares 23,100 Value ($000) $1,618 Avg Close $73.18 Range $68.12 - $77.05

Q4 2013

Shares 22,900 Value ($000) $1,635 Avg Close $69.48 Range $65.23 - $72.53

Q3 2013

Shares 13,700 Value ($000) $942 Avg Close $65.04 Range $57.52 - $69.27

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	16,200	$604	$40.99	$31.58 - $46.67
Q4 2019	16,010	$745	$45.59	$42.98 - $47.70
Q3 2019	15,840	$743	$48.58	$45.47 - $54.61
Q2 2019	15,950	$841	$56.93	$51.71 - $61.27
Q1 2019	15,670	$955	$58.07	$49.75 - $61.71
Q4 2018	20,660	$1,057	$54.80	$49.60 - $59.15
Q2 2018	20,140	$1,067	$51.80	$50.01 - $53.75
Q1 2018	26,660	$1,372	$52.27	$48.31 - $57.55
Q4 2017	25,860	$1,420	$57.14	$54.14 - $59.90
Q3 2017	25,860	$1,464	$57.91	$54.89 - $59.92
Q2 2017	32,970	$1,841	$56.29	$53.03 - $61.20
Q1 2017	39,470	$2,353	$58.87	$54.67 - $61.25
Q4 2016	39,000	$2,209	$54.73	$50.61 - $58.78
Q3 2016	38,130	$2,062	$56.52	$53.81 - $59.62
Q2 2016	37,590	$2,153	$53.96	$47.49 - $57.06
Q1 2016	28,260	$1,426	$46.05	$39.79 - $51.53
Q4 2015	27,070	$1,168	$47.49	$37.03 - $56.64
Q3 2015	26,630	$1,341	$54.03	$48.61 - $59.39
Q2 2015	26,550	$1,564	$63.16	$58.83 - $66.07
Q1 2015	25,500	$1,548	$64.26	$57.73 - $70.19
Q4 2014	27,310	$1,909	$69.02	$64.31 - $72.21
Q3 2014	23,800	$1,675	$73.27	$65.29 - $78.79
Q2 2014	23,100	$1,818	$73.73	$68.50 - $78.46
Q1 2014	23,100	$1,618	$73.18	$68.12 - $77.05
Q4 2013	22,900	$1,635	$69.48	$65.23 - $72.53
Q3 2013	13,700	$942	$65.04	$57.52 - $69.27