SANDY SPRING BANCORP INC

CUSIP: 800363103 Class: Common Stock

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

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

Q3 2016
Shares 22,430 Value ($000) $686 Avg Close — Range —
Q2 2016
Shares 22,430 Value ($000) $652 Avg Close — Range —
Q1 2016
Shares 1,230 Value ($000) $34 Avg Close — Range —