VASCO DATA SEC INTL INC

CUSIP: 92230Y104 Class: COM

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

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

Q1 2018
Shares 37,500 Value ($000) $485 Avg Close — Range —
Q4 2017
Shares 37,500 Value ($000) $521 Avg Close — Range —
Q3 2017
Shares 11,310 Value ($000) $136 Avg Close — Range —
Q2 2017
Shares 7,110 Value ($000) $102 Avg Close — Range —
Q1 2017
Shares 6,700 Value ($000) $90 Avg Close — Range —
Q4 2016
Shares 6,700 Value ($000) $91 Avg Close — Range —
Q3 2016
Shares 10,750 Value ($000) $190 Avg Close — Range —
Q2 2016
Shares 10,650 Value ($000) $175 Avg Close — Range —
Q1 2016
Shares 10,520 Value ($000) $162 Avg Close — Range —
Q4 2015
Shares 6,000 Value ($000) $100 Avg Close — Range —
Q3 2015
Shares 5,970 Value ($000) $102 Avg Close — Range —
Q2 2015
Shares 14,940 Value ($000) $451 Avg Close — Range —
Q1 2015
Shares 14,900 Value ($000) $320 Avg Close — Range —
Q4 2014
Shares 16,900 Value ($000) $477 Avg Close — Range —
Q3 2014
Shares 7,500 Value ($000) $141 Avg Close — Range —
Q2 2014
Shares 7,100 Value ($000) $82 Avg Close — Range —
Q1 2014
Shares 7,100 Value ($000) $54 Avg Close — Range —