MORGAN STANLEY — Director's Dealing 2016

Nov 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MORGAN STANLEY (MS)
CIK: 0000895421
Period of Report: 2016-11-10

Reporting Person: KELLEHER THOMAS COLM (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-10	Common Stock	M	222713	$22.98	Acquired	863334.921	Direct
2016-11-10	Common Stock	S	155167	$37.9213	Disposed	708167.921	Direct
2016-11-10	Common Stock	S	64127	$38.7089	Disposed	644040.921	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-10	Employee Stock Option (Right to Buy)	$22.98	M	222713	Disposed	2018-01-22	Common Stock (222713)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $37.56 to $38.55, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) of this Form 4.

F2: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $38.56 to $38.93, inclusive.

F3: Options vested and became exercisable in three equal annual installments beginning on January 27, 2014.