NATIONAL PENN BANCSHARES INC

CUSIP: 637138108 Class: COM

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

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

Q1 2016
Shares 29,660 Value ($000) $316 Avg Close — Range —
Q4 2015
Shares 28,600 Value ($000) $353 Avg Close — Range —
Q3 2015
Shares 27,360 Value ($000) $321 Avg Close — Range —
Q2 2015
Shares 26,920 Value ($000) $304 Avg Close — Range —
Q1 2015
Shares 23,300 Value ($000) $251 Avg Close — Range —
Q4 2014
Shares 28,400 Value ($000) $299 Avg Close — Range —
Q3 2014
Shares 28,400 Value ($000) $276 Avg Close — Range —
Q2 2014
Shares 28,300 Value ($000) $299 Avg Close — Range —
Q1 2014
Shares 28,300 Value ($000) $296 Avg Close — Range —