SAPIENS INTL CORP N V

CUSIP: N7716A151 Class: CMN

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

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

Q1 2017
Shares 29,960 Value ($000) $386 Avg Close — Range —
Q4 2016
Shares 29,960 Value ($000) $430 Avg Close — Range —