WATERSTONE FINL INC MD

Ticker: WSBF CUSIP: 94188P101 Class: Common Stock

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

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

Q1 2017

Shares 29,250 Value ($000) $534 Avg Close $18.27 Range $17.30 - $19.40

Q4 2016

Shares 29,250 Value ($000) $538 Avg Close $17.66 Range $16.05 - $19.30

Q1 2016

Shares 22,900 Value ($000) $313 Avg Close $13.73 Range $13.30 - $14.23

Q4 2015

Shares 23,090 Value ($000) $326 Avg Close $13.66 Range $13.12 - $14.48

Q3 2015

Shares 23,090 Value ($000) $311 Avg Close $13.08 Range $12.38 - $13.81

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	29,250	$534	$18.27	$17.30 - $19.40
Q4 2016	29,250	$538	$17.66	$16.05 - $19.30
Q1 2016	22,900	$313	$13.73	$13.30 - $14.23
Q4 2015	23,090	$326	$13.66	$13.12 - $14.48
Q3 2015	23,090	$311	$13.08	$12.38 - $13.81