RYLAND GROUP INC

CUSIP: 783764103 Class: COM

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

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

Q3 2015
Shares 9,350 Value ($000) $382 Avg Close — Range —
Q2 2015
Shares 8,900 Value ($000) $413 Avg Close — Range —
Q1 2015
Shares 8,700 Value ($000) $424 Avg Close — Range —
Q4 2014
Shares 12,000 Value ($000) $463 Avg Close — Range —
Q3 2014
Shares 12,000 Value ($000) $399 Avg Close — Range —
Q2 2014
Shares 11,500 Value ($000) $454 Avg Close — Range —
Q1 2014
Shares 11,200 Value ($000) $447 Avg Close — Range —