MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

ENDEAVOUR CAPITAL ADVISORS INC's Holding History (CIK: 0001218749)

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

Q4 2016

Shares 412,136 Value ($000) $17,413 Avg Close $29.14 Range $23.75 - $33.99

Q3 2016

Shares 412,136 Value ($000) $13,213 Avg Close $22.85 Range $18.72 - $24.89

Q2 2016

Shares 412,136 Value ($000) $10,707 Avg Close $19.90 Range $17.61 - $21.56

Q1 2016

Shares 412,136 Value ($000) $10,308 Avg Close $19.31 Range $16.04 - $23.88

Q4 2015

Shares 150,382 Value ($000) $4,784 Avg Close $25.00 Range $22.61 - $26.92

Q3 2014

Shares 209,065 Value ($000) $7,227 Avg Close $24.62 Range $23.01 - $26.95

Q2 2014

Shares 209,065 Value ($000) $6,759 Avg Close $22.71 Range $20.81 - $24.20

Q1 2014

Shares 209,065 Value ($000) $6,517 Avg Close $22.70 Range $21.15 - $24.60

Q4 2013

Shares 209,065 Value ($000) $6,556 Avg Close $21.80 Range $19.35 - $23.37

Q3 2013

Shares 209,065 Value ($000) $5,634 Avg Close $19.65 Range $17.42 - $21.61

Q2 2013

Shares 209,065 Value ($000) $5,107 Avg Close $17.33 Range $14.71 - $19.87

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	412,136	$17,413	$29.14	$23.75 - $33.99
Q3 2016	412,136	$13,213	$22.85	$18.72 - $24.89
Q2 2016	412,136	$10,707	$19.90	$17.61 - $21.56
Q1 2016	412,136	$10,308	$19.31	$16.04 - $23.88
Q4 2015	150,382	$4,784	$25.00	$22.61 - $26.92
Q3 2014	209,065	$7,227	$24.62	$23.01 - $26.95
Q2 2014	209,065	$6,759	$22.71	$20.81 - $24.20
Q1 2014	209,065	$6,517	$22.70	$21.15 - $24.60
Q4 2013	209,065	$6,556	$21.80	$19.35 - $23.37
Q3 2013	209,065	$5,634	$19.65	$17.42 - $21.61
Q2 2013	209,065	$5,107	$17.33	$14.71 - $19.87