VANDA PHARMACEUTICALS INC

Ticker: VNDA CUSIP: 921659108 Class: Common Stock

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

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

Q1 2020

Shares 49,380 Value ($000) $512 Avg Close $12.40 Range $7.12 - $16.96

Q4 2019

Shares 49,380 Value ($000) $810 Avg Close $15.12 Range $12.32 - $17.85

Q3 2019

Shares 48,950 Value ($000) $650 Avg Close $13.94 Range $11.83 - $17.00

Q2 2019

Shares 48,760 Value ($000) $687 Avg Close $15.91 Range $13.33 - $18.98

Q1 2019

Shares 15,480 Value ($000) $285 Avg Close $22.79 Range $17.05 - $31.30

Q4 2018

Shares 15,150 Value ($000) $396 Avg Close $23.51 Range $18.69 - $33.44

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	49,380	$512	$12.40	$7.12 - $16.96
Q4 2019	49,380	$810	$15.12	$12.32 - $17.85
Q3 2019	48,950	$650	$13.94	$11.83 - $17.00
Q2 2019	48,760	$687	$15.91	$13.33 - $18.98
Q1 2019	15,480	$285	$22.79	$17.05 - $31.30
Q4 2018	15,150	$396	$23.51	$18.69 - $33.44