FIRST ACCEPTANCE CORP

Ticker: FACO CUSIP: 318457108 Class: COMMON STOCK

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q2 2015

Shares 1,110 Value ($000) $4 Avg Close $2.50 Range $1.95 - $2.81

Q1 2015

Shares 5,481 Value ($000) $13 Avg Close $1.99 Range $1.79 - $2.09

Q4 2014

Shares 5,481 Value ($000) $14 Avg Close $2.06 Range $1.81 - $2.18

Q3 2014

Shares 9,481 Value ($000) $24 Avg Close $2.06 Range $1.82 - $2.32

Q2 2014

Shares 9,481 Value ($000) $23 Avg Close $2.01 Range $1.73 - $2.26

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	1,110	$4	$2.50	$1.95 - $2.81
Q1 2015	5,481	$13	$1.99	$1.79 - $2.09
Q4 2014	5,481	$14	$2.06	$1.81 - $2.18
Q3 2014	9,481	$24	$2.06	$1.82 - $2.32
Q2 2014	9,481	$23	$2.01	$1.73 - $2.26