MORGAN STANLEY — Director's Dealing 2012

Oct 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Feihe International Inc (ADY)
CIK: 0000789868
Period of Report: 2012-10-03

Reporting Person: MORGAN STANLEY (See Remarks Below)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-03	Common Stock, $0.001 par value per share	S	100	$6.42	Disposed	87354	Indirect
2012-10-03	Common Stock, $0.001 par value per share	P	565	$6.55	Acquired	87919	Indirect
2012-10-03	Common Stock, $0.001 par value per share	P	100	$6.75	Acquired	88019	Indirect
2012-10-03	Common Stock, $0.001 par value per share	P	100	$6.19	Acquired	88119	Indirect
2012-10-04	Common Stock, $0.001 par value per share	S	100	$6.68	Disposed	88019	Indirect
2012-10-04	Common Stock, $0.001 par value per share	S	100	$6.60	Disposed	87919	Indirect
2012-10-04	Common Stock, $0.001 par value per share	S	100	$6.64	Disposed	87819	Indirect
2012-10-04	Common Stock, $0.001 par value per share	S	100	$6.64	Disposed	87719	Indirect
2012-10-04	Common Stock, $0.001 par value per share	S	100	$6.74	Disposed	87619	Indirect
2012-10-05	Common Stock, $0.001 par value per share	P	100	$6.80	Acquired	87719	Indirect
2012-10-05	Common Stock, $0.001 par value per share	P	100	$6.82	Acquired	87819	Indirect

Footnotes

F1: Morgan Stanley may be deemed to beneficially own shares of Common Stock beneficially owned by operating units (collectively, the "MS Reporting Units") of Morgan Stanley, its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with Securities and Exchange Commission Release No. 34-39538 (1/12/98). Neither the filing of this Form 4 nor any of its contents shall be deemed to constitute an admission by MS that it is the beneficial owner of any such shares of Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purpose, and MS expressly disclaims the beneficial ownership thereof except to the extent of its pecuniary interest therein, if any.

F2: Without admitting any legal obligation, MS will remit $91 to Feihe International, Inc., in connection with the short-swing transactions reported herein.