SKULLCANDY INC

CUSIP: 83083J104 Class: CMN

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

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

Q1 2016
Shares 13,800 Value ($000) $49 Avg Close — Range —
Q4 2015
Shares 51,570 Value ($000) $244 Avg Close — Range —
Q3 2015
Shares 51,570 Value ($000) $285 Avg Close — Range —