VALLEY NATL BANCORP

Ticker: VLY CUSIP: 919794107 Class: Common Stock

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

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

Q1 2020

Shares 73,510 Value ($000) $537 Avg Close $9.78 Range $6.00 - $11.54

Q4 2019

Shares 72,680 Value ($000) $832 Avg Close $11.51 Range $10.41 - $12.14

Q3 2019

Shares 60,870 Value ($000) $662 Avg Close $10.70 Range $10.01 - $11.36

Q2 2019

Shares 61,380 Value ($000) $662 Avg Close $10.25 Range $9.68 - $10.86

Q1 2019

Shares 60,430 Value ($000) $579 Avg Close $10.18 Range $8.72 - $10.89

Q4 2018

Shares 79,660 Value ($000) $707 Avg Close $10.09 Range $8.42 - $11.66

Q2 2018

Shares 62,110 Value ($000) $755 Avg Close $12.61 Range $11.89 - $13.37

Q1 2018

Shares 82,230 Value ($000) $1,025 Avg Close $12.47 Range $11.19 - $13.38

Q4 2017

Shares 79,840 Value ($000) $896 Avg Close $11.59 Range $10.84 - $12.29

Q3 2017

Shares 79,840 Value ($000) $962 Avg Close $11.52 Range $10.61 - $12.43

Q2 2017

Shares 101,840 Value ($000) $1,203 Avg Close $11.71 Range $11.11 - $12.39

Q1 2017

Shares 117,950 Value ($000) $1,392 Avg Close $12.00 Range $11.19 - $12.82

Q4 2016

Shares 116,500 Value ($000) $1,356 Avg Close $10.69 Range $9.36 - $12.14

Q3 2016

Shares 100,490 Value ($000) $978 Avg Close $9.34 Range $8.73 - $9.86

Q2 2016

Shares 99,010 Value ($000) $914 Avg Close $9.36 Range $8.49 - $10.20

Q1 2016

Shares 74,530 Value ($000) $719 Avg Close $9.08 Range $8.31 - $9.76

Q4 2015

Shares 71,520 Value ($000) $713 Avg Close $10.39 Range $9.50 - $11.24

Q3 2015

Shares 70,580 Value ($000) $702 Avg Close $9.84 Range $9.04 - $10.50

Q2 2015

Shares 69,380 Value ($000) $715 Avg Close $9.74 Range $9.26 - $10.48

Q1 2015

Shares 66,600 Value ($000) $637 Avg Close $9.46 Range $8.80 - $9.80

Q4 2014

Shares 61,860 Value ($000) $607 Avg Close $9.69 Range $9.05 - $10.09

Q3 2014

Shares 56,900 Value ($000) $558 Avg Close $9.85 Range $9.38 - $10.18

Q2 2014

Shares 55,200 Value ($000) $553 Avg Close $10.04 Range $9.42 - $10.81

Q1 2014

Shares 55,200 Value ($000) $575 Avg Close $10.02 Range $9.28 - $10.50

Q4 2013

Shares 54,700 Value ($000) $554 Avg Close $10.03 Range $9.67 - $10.53

Q3 2013

Shares 32,800 Value ($000) $326 Avg Close $10.10 Range $9.41 - $10.72

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	73,510	$537	$9.78	$6.00 - $11.54
Q4 2019	72,680	$832	$11.51	$10.41 - $12.14
Q3 2019	60,870	$662	$10.70	$10.01 - $11.36
Q2 2019	61,380	$662	$10.25	$9.68 - $10.86
Q1 2019	60,430	$579	$10.18	$8.72 - $10.89
Q4 2018	79,660	$707	$10.09	$8.42 - $11.66
Q2 2018	62,110	$755	$12.61	$11.89 - $13.37
Q1 2018	82,230	$1,025	$12.47	$11.19 - $13.38
Q4 2017	79,840	$896	$11.59	$10.84 - $12.29
Q3 2017	79,840	$962	$11.52	$10.61 - $12.43
Q2 2017	101,840	$1,203	$11.71	$11.11 - $12.39
Q1 2017	117,950	$1,392	$12.00	$11.19 - $12.82
Q4 2016	116,500	$1,356	$10.69	$9.36 - $12.14
Q3 2016	100,490	$978	$9.34	$8.73 - $9.86
Q2 2016	99,010	$914	$9.36	$8.49 - $10.20
Q1 2016	74,530	$719	$9.08	$8.31 - $9.76
Q4 2015	71,520	$713	$10.39	$9.50 - $11.24
Q3 2015	70,580	$702	$9.84	$9.04 - $10.50
Q2 2015	69,380	$715	$9.74	$9.26 - $10.48
Q1 2015	66,600	$637	$9.46	$8.80 - $9.80
Q4 2014	61,860	$607	$9.69	$9.05 - $10.09
Q3 2014	56,900	$558	$9.85	$9.38 - $10.18
Q2 2014	55,200	$553	$10.04	$9.42 - $10.81
Q1 2014	55,200	$575	$10.02	$9.28 - $10.50
Q4 2013	54,700	$554	$10.03	$9.67 - $10.53
Q3 2013	32,800	$326	$10.10	$9.41 - $10.72