SM ENERGY CO

Ticker: SM CUSIP: 78454L100 Class: EQTY

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

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

Q1 2020

Shares 32,470 Value ($000) $40 Avg Close $6.44 Range $0.82 - $11.29

Q4 2019

Shares 32,470 Value ($000) $365 Avg Close $8.19 Range $6.20 - $10.46

Q3 2019

Shares 30,940 Value ($000) $300 Avg Close $9.23 Range $7.66 - $11.69

Q2 2019

Shares 18,680 Value ($000) $234 Avg Close $13.13 Range $9.21 - $17.08

Q1 2019

Shares 18,680 Value ($000) $327 Avg Close $16.03 Range $13.20 - $19.13

Q4 2018

Shares 24,790 Value ($000) $384 Avg Close $20.86 Range $11.87 - $30.41

Q2 2018

Shares 24,080 Value ($000) $619 Avg Close $21.04 Range $14.48 - $25.17

Q1 2018

Shares 30,960 Value ($000) $558 Avg Close $19.42 Range $15.33 - $25.35

Q4 2017

Shares 30,960 Value ($000) $684 Avg Close $18.13 Range $14.99 - $20.75

Q3 2017

Shares 30,960 Value ($000) $549 Avg Close $14.01 Range $11.02 - $17.32

Q2 2017

Shares 36,970 Value ($000) $611 Avg Close $17.78 Range $12.34 - $22.56

Q1 2017

Shares 44,640 Value ($000) $1,072 Avg Close $24.78 Range $17.90 - $32.89

Q4 2016

Shares 44,640 Value ($000) $1,539 Avg Close $32.31 Range $27.06 - $38.50

Q3 2016

Shares 30,560 Value ($000) $1,179 Avg Close $28.63 Range $21.07 - $36.08

Q2 2016

Shares 30,130 Value ($000) $814 Avg Close $25.04 Range $15.19 - $31.80

Q1 2016

Shares 22,690 Value ($000) $425 Avg Close $12.30 Range $6.23 - $18.41

Q4 2015

Shares 21,740 Value ($000) $427 Avg Close $27.17 Range $16.10 - $37.60

Q3 2015

Shares 21,300 Value ($000) $682 Avg Close $32.30 Range $16.21 - $40.94

Q2 2015

Shares 21,240 Value ($000) $980 Avg Close $46.98 Range $38.91 - $53.68

Q1 2015

Shares 20,400 Value ($000) $1,054 Avg Close $38.61 Range $27.59 - $47.43

Q4 2014

Shares 21,870 Value ($000) $844 Avg Close $44.55 Range $26.16 - $71.01

Q3 2014

Shares 19,000 Value ($000) $1,482 Avg Close $72.53 Range $66.28 - $80.34

Q2 2014

Shares 18,500 Value ($000) $1,556 Avg Close $68.14 Range $63.07 - $75.90

Q1 2014

Shares 18,500 Value ($000) $1,319 Avg Close $69.50 Range $61.32 - $80.14

Q4 2013

Shares 18,300 Value ($000) $1,521 Avg Close $75.76 Range $68.11 - $83.50

Q3 2013

Shares 10,900 Value ($000) $841 Avg Close $61.42 Range $53.46 - $68.98

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	32,470	$40	$6.44	$0.82 - $11.29
Q4 2019	32,470	$365	$8.19	$6.20 - $10.46
Q3 2019	30,940	$300	$9.23	$7.66 - $11.69
Q2 2019	18,680	$234	$13.13	$9.21 - $17.08
Q1 2019	18,680	$327	$16.03	$13.20 - $19.13
Q4 2018	24,790	$384	$20.86	$11.87 - $30.41
Q2 2018	24,080	$619	$21.04	$14.48 - $25.17
Q1 2018	30,960	$558	$19.42	$15.33 - $25.35
Q4 2017	30,960	$684	$18.13	$14.99 - $20.75
Q3 2017	30,960	$549	$14.01	$11.02 - $17.32
Q2 2017	36,970	$611	$17.78	$12.34 - $22.56
Q1 2017	44,640	$1,072	$24.78	$17.90 - $32.89
Q4 2016	44,640	$1,539	$32.31	$27.06 - $38.50
Q3 2016	30,560	$1,179	$28.63	$21.07 - $36.08
Q2 2016	30,130	$814	$25.04	$15.19 - $31.80
Q1 2016	22,690	$425	$12.30	$6.23 - $18.41
Q4 2015	21,740	$427	$27.17	$16.10 - $37.60
Q3 2015	21,300	$682	$32.30	$16.21 - $40.94
Q2 2015	21,240	$980	$46.98	$38.91 - $53.68
Q1 2015	20,400	$1,054	$38.61	$27.59 - $47.43
Q4 2014	21,870	$844	$44.55	$26.16 - $71.01
Q3 2014	19,000	$1,482	$72.53	$66.28 - $80.34
Q2 2014	18,500	$1,556	$68.14	$63.07 - $75.90
Q1 2014	18,500	$1,319	$69.50	$61.32 - $80.14
Q4 2013	18,300	$1,521	$75.76	$68.11 - $83.50
Q3 2013	10,900	$841	$61.42	$53.46 - $68.98