MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

ALPINE WOODS CAPITAL INVESTORS, LLC's Holding History (CIK: 0001226886)

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

Q1 2016
Shares 9,000 Value ($000) $225 Avg Close $19.31 Range $16.04 - $23.88
Q4 2015
Shares 8,000 Value ($000) $254 Avg Close $25.00 Range $22.61 - $26.92