NATURAL GROCERS BY VITAMIN C

Ticker: NGVC CUSIP: 63888U108 Class: Common Stock

TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY's Holding History (CIK: 0000714142)

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

Q3 2016

Shares 49,773 Value ($000) $555 Avg Close $8.83 Range $7.60 - $10.16

Q2 2016

Shares 48,928 Value ($000) $639 Avg Close $10.55 Range $8.78 - $15.70

Q1 2016

Shares 48,928 Value ($000) $1,041 Avg Close $14.39 Range $11.86 - $16.03

Q4 2015

Shares 48,928 Value ($000) $997 Avg Close $15.86 Range $13.94 - $18.48

Q3 2015

Shares 48,928 Value ($000) $1,110 Avg Close $17.16 Range $14.17 - $20.49

Q2 2015

Shares 47,488 Value ($000) $1,169 Avg Close $18.31 Range $16.12 - $21.37

Q1 2015

Shares 36,738 Value ($000) $1,014 Avg Close $20.35 Range $17.75 - $25.01

Q4 2014

Shares 44,445 Value ($000) $1,252 Avg Close $14.86 Range $11.36 - $20.53

Q3 2014

Shares 44,445 Value ($000) $724 Avg Close $14.39 Range $11.44 - $17.35

Q2 2014

Shares 34,463 Value ($000) $738 Avg Close $19.64 Range $13.54 - $31.45

Q1 2014

Shares 19,375 Value ($000) $846 Avg Close $29.12 Range $23.95 - $31.88

Q4 2013

Shares 21,995 Value ($000) $934 Avg Close $27.51 Range $24.64 - $30.50

Q3 2013

Shares 24,345 Value ($000) $966 Avg Close $26.14 Range $20.90 - $30.63

Q2 2013

Shares 28,835 Value ($000) $894 Avg Close $19.35 Range $15.01 - $24.54

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	49,773	$555	$8.83	$7.60 - $10.16
Q2 2016	48,928	$639	$10.55	$8.78 - $15.70
Q1 2016	48,928	$1,041	$14.39	$11.86 - $16.03
Q4 2015	48,928	$997	$15.86	$13.94 - $18.48
Q3 2015	48,928	$1,110	$17.16	$14.17 - $20.49
Q2 2015	47,488	$1,169	$18.31	$16.12 - $21.37
Q1 2015	36,738	$1,014	$20.35	$17.75 - $25.01
Q4 2014	44,445	$1,252	$14.86	$11.36 - $20.53
Q3 2014	44,445	$724	$14.39	$11.44 - $17.35
Q2 2014	34,463	$738	$19.64	$13.54 - $31.45
Q1 2014	19,375	$846	$29.12	$23.95 - $31.88
Q4 2013	21,995	$934	$27.51	$24.64 - $30.50
Q3 2013	24,345	$966	$26.14	$20.90 - $30.63
Q2 2013	28,835	$894	$19.35	$15.01 - $24.54