MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

JBF Capital, Inc.'s Holding History (CIK: 0001483864)

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

Q4 2013

Shares 193,700 Value ($000) $6,074 Avg Close $21.80 Range $19.35 - $23.37

Q3 2013

Shares 193,700 Value ($000) $5,220 Avg Close $19.65 Range $17.42 - $21.61

Q2 2013

Shares 193,700 Value ($000) $4,732 Avg Close $17.33 Range $14.71 - $19.87

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	193,700	$6,074	$21.80	$19.35 - $23.37
Q3 2013	193,700	$5,220	$19.65	$17.42 - $21.61
Q2 2013	193,700	$4,732	$17.33	$14.71 - $19.87