VALERO ENERGY CORP

Ticker: VLO CUSIP: 91913Y100 Class: COM

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

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

Q1 2020

Shares 12,020 Value ($000) $545 Avg Close $57.18 Range $24.55 - $76.74

Q4 2019

Shares 12,020 Value ($000) $1,126 Avg Close $73.62 Range $63.08 - $79.13

Q3 2019

Shares 12,020 Value ($000) $1,025 Avg Close $62.46 Range $55.09 - $66.94

Q2 2019

Shares 11,940 Value ($000) $1,022 Avg Close $63.00 Range $53.28 - $70.35

Q1 2019

Shares 13,040 Value ($000) $1,106 Avg Close $62.40 Range $54.76 - $66.74

Q4 2018

Shares 18,710 Value ($000) $1,402 Avg Close $65.55 Range $51.65 - $89.76

Q2 2018

Shares 23,670 Value ($000) $2,624 Avg Close $82.55 Range $65.81 - $93.76

Q1 2018

Shares 21,860 Value ($000) $2,028 Avg Close $68.16 Range $60.24 - $72.63

Q4 2017

Shares 21,860 Value ($000) $2,009 Avg Close $59.68 Range $54.64 - $67.71

Q3 2017

Shares 18,770 Value ($000) $1,444 Avg Close $49.43 Range $46.27 - $56.03

Q2 2017

Shares 22,020 Value ($000) $1,486 Avg Close $46.03 Range $43.28 - $48.77

Q1 2017

Shares 19,540 Value ($000) $1,295 Avg Close $47.00 Range $45.00 - $49.86

Q4 2016

Shares 19,540 Value ($000) $1,335 Avg Close $42.78 Range $36.33 - $48.77

Q3 2016

Shares 20,050 Value ($000) $1,063 Avg Close $36.73 Range $32.07 - $40.18

Q2 2016

Shares 20,020 Value ($000) $1,021 Avg Close $38.47 Range $34.15 - $43.36

Q1 2016

Shares 16,620 Value ($000) $1,066 Avg Close $42.88 Range $35.57 - $48.59

Q4 2015

Shares 17,180 Value ($000) $1,214 Avg Close $45.50 Range $39.25 - $49.52

Q3 2015

Shares 17,090 Value ($000) $1,027 Avg Close $42.17 Range $34.39 - $47.58

Q2 2015

Shares 16,900 Value ($000) $1,058 Avg Close $38.94 Range $36.85 - $42.23

Q1 2015

Shares 15,400 Value ($000) $980 Avg Close $36.56 Range $28.33 - $42.36

Q4 2014

Shares 18,500 Value ($000) $916 Avg Close $31.49 Range $27.58 - $33.97

Q3 2014

Shares 18,500 Value ($000) $856 Avg Close $32.63 Range $29.66 - $35.41

Q2 2014

Shares 18,400 Value ($000) $922 Avg Close $35.48 Range $32.27 - $38.33

Q1 2014

Shares 18,400 Value ($000) $977 Avg Close $32.81 Range $29.32 - $35.94

Q4 2013

Shares 18,400 Value ($000) $927 Avg Close $26.85 Range $21.10 - $32.29

Q3 2013

Shares 18,400 Value ($000) $628 Avg Close $22.41 Range $20.85 - $23.70

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	12,020	$545	$57.18	$24.55 - $76.74
Q4 2019	12,020	$1,126	$73.62	$63.08 - $79.13
Q3 2019	12,020	$1,025	$62.46	$55.09 - $66.94
Q2 2019	11,940	$1,022	$63.00	$53.28 - $70.35
Q1 2019	13,040	$1,106	$62.40	$54.76 - $66.74
Q4 2018	18,710	$1,402	$65.55	$51.65 - $89.76
Q2 2018	23,670	$2,624	$82.55	$65.81 - $93.76
Q1 2018	21,860	$2,028	$68.16	$60.24 - $72.63
Q4 2017	21,860	$2,009	$59.68	$54.64 - $67.71
Q3 2017	18,770	$1,444	$49.43	$46.27 - $56.03
Q2 2017	22,020	$1,486	$46.03	$43.28 - $48.77
Q1 2017	19,540	$1,295	$47.00	$45.00 - $49.86
Q4 2016	19,540	$1,335	$42.78	$36.33 - $48.77
Q3 2016	20,050	$1,063	$36.73	$32.07 - $40.18
Q2 2016	20,020	$1,021	$38.47	$34.15 - $43.36
Q1 2016	16,620	$1,066	$42.88	$35.57 - $48.59
Q4 2015	17,180	$1,214	$45.50	$39.25 - $49.52
Q3 2015	17,090	$1,027	$42.17	$34.39 - $47.58
Q2 2015	16,900	$1,058	$38.94	$36.85 - $42.23
Q1 2015	15,400	$980	$36.56	$28.33 - $42.36
Q4 2014	18,500	$916	$31.49	$27.58 - $33.97
Q3 2014	18,500	$856	$32.63	$29.66 - $35.41
Q2 2014	18,400	$922	$35.48	$32.27 - $38.33
Q1 2014	18,400	$977	$32.81	$29.32 - $35.94
Q4 2013	18,400	$927	$26.85	$21.10 - $32.29
Q3 2013	18,400	$628	$22.41	$20.85 - $23.70