USA TECHNOLOGIES INC

CUSIP: 90328S500 Class: COM NO PAR

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

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

Q3 2015
Shares 20,771 Value ($000) $52 Avg Close — Range —
Q2 2015
Shares 170,100 Value ($000) $459 Avg Close — Range —
Q1 2015
Shares 170,100 Value ($000) $468 Avg Close — Range —
Q4 2014
Shares 170,100 Value ($000) $274 Avg Close — Range —