MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q3 2016
Shares 16,656 Value ($000) $534 Avg Close $22.85 Range $18.72 - $24.89