X0306 4 2016-11-11 0 0000895421 MORGAN STANLEY MS 0001182328 GORMAN JAMES P C/O MORGAN STANLEY 1585 BROADWAY NEW YORK NY 10036 1 1 0 0 Chairman and CEO Common Stock 2016-11-11 4 M 0 200000 22.98 A 1566191.925 D Common Stock 2016-11-11 4 S 0 200000 37.7023 D 1366191.925 D Common Stock 1621.854 I By 401(k) Plan Common Stock 40115 I By Grantor Retained Annuity Trust Employee Stock Option (Right to Buy) 22.98 2016-11-11 4 M 0 200000 0.00 D 2018-01-22 Common Stock 200000 284827 D 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 $37.88, 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 range set forth in this footnote. Options vested and became exercisable in three equal annual installments beginning on January 27, 2014. /s/ Martin M. Cohen, Attorney-in-Fact 2016-11-14