MS

SEC source: 0001209191-19-050312 · doc4.xml · derivative · entry 37

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 130,000

Underlying: Common Shares · 130,000 shares

Expires 2018-09-04

F7 · derivative.exercise_price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F8 · kind: Reflects an amendment of an outstanding total rate of return basket swap. The Reporting Person disclaims that this amendment and the total rate of return basket swap is subject to Section 16.

F7 · price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · derivative.exercise_date: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

SEC source: 0001209191-18-045010 · doc4.xml · nonDerivative · entry 1

SCHAPIRO MARY L · CIK 0001192486 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,127.742

F1 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0000899243-18-020762 · doc4.xml · nonDerivative · entry 1

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 424,421,548

F1 · kind: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also director of Morgan Stanley by deputization.

F2 · kind: The sales were to Morgan Stanley, approved by Morgan Stanley in accordance with Rule 16b-3(e) and effected pursuant to a sales plan designed to comply with Rule 10b5-1(c).

SEC source: 0001209191-18-048805 · doc4.xml · nonDerivative · entry 1

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,278,436.207

SEC source: 0001209191-19-050312 · doc4.xml · derivative · entry 36

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 130,000

Underlying: Common Shares · 130,000 shares

Expires 2018-09-04

F7 · derivative.exercise_price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F8 · kind: Reflects an amendment of an outstanding total rate of return basket swap. The Reporting Person disclaims that this amendment and the total rate of return basket swap is subject to Section 16.

F7 · price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · derivative.exercise_date: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

SEC source: 0001209191-19-050312 · doc4.xml · derivative · entry 35

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 130,000

Underlying: Common Shares · 130,000 shares

Expires 2018-09-04

F7 · derivative.exercise_price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F8 · kind: Reflects an amendment of an outstanding total rate of return basket swap. The Reporting Person disclaims that this amendment and the total rate of return basket swap is subject to Section 16.

F7 · price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · derivative.exercise_date: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

SEC source: 0000899243-18-017797 · doc4.xml · nonDerivative · entry 1

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 425,706,748

F1 · kind: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also director of Morgan Stanley by deputization.

F2 · kind: The sales were to Morgan Stanley, approved by Morgan Stanley in accordance with Rule 16b-3(e) and effected pursuant to a sales plan designed to comply with Rule 10b5-1(c).

SEC source: 0001209191-19-050312 · doc4.xml · derivative · entry 34

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 130,000

Underlying: Common Shares · 130,000 shares

Expires 2018-09-04

F7 · derivative.exercise_price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · derivative.exercise_date: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

SEC source: 0001209191-19-050312 · doc4.xml · derivative · entry 33

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 130,000

Underlying: Common Shares · 130,000 shares

Expires 2018-06-04

F7 · derivative.exercise_price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F9 · kind: Reflects cash settlement of an outstanding total rate of return basket swap. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · derivative.exercise_date: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

SEC source: 0000899243-20-028927 · doc4.xml · nonDerivative · entry 21

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 431,276,048.593

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0000899243-20-028927 · doc4.xml · nonDerivative · entry 20

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 431,276,048.726

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0001209191-18-033776 · doc4.xml · nonDerivative · entry 2

CORLEY ELIZABETH · CIK 0001725898 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,631.991

F2 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033776 · doc4.xml · nonDerivative · entry 1

CORLEY ELIZABETH · CIK 0001725898 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,120.263

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033782 · doc4.xml · nonDerivative · entry 1

DARLING ALISTAIR · CIK 0001662540 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,499.425

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033792 · doc4.xml · nonDerivative · entry 2

GLOCER THOMAS H · CIK 0001140799 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,085.353

F2 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033792 · doc4.xml · nonDerivative · entry 1

GLOCER THOMAS H · CIK 0001140799 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,736.252

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033797 · doc4.xml · nonDerivative · entry 1

Herz Robert H · CIK 0001523753 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 63,268.326

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033800 · doc4.xml · nonDerivative · entry 1

Miscik Judith A · CIK 0001555318 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,831.463

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033804 · doc4.xml · nonDerivative · entry 1

NALLY DENNIS M · CIK 0001685596 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,244.926

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033808 · doc4.xml · nonDerivative · entry 2

OLAYAN HUTHAM S · CIK 0001357222 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 163,166.464

F2 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033808 · doc4.xml · nonDerivative · entry 1

OLAYAN HUTHAM S · CIK 0001357222 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 162,282.57

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033813 · doc4.xml · nonDerivative · entry 1

OWENS JAMES W · CIK 0001171767 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 82,783.004

F1 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033825 · doc4.xml · nonDerivative · entry 1

WILKINS RAYFORD JR · CIK 0001184395 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,383.573

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033818 · doc4.xml · nonDerivative · entry 2

TRAQUINA PERRY M · CIK 0001228062 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,116.403

F2 · kind: Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-033818 · doc4.xml · nonDerivative · entry 1

TRAQUINA PERRY M · CIK 0001228062 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,046.426

F1 · kind: Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

SEC source: 0001209191-18-032996 · doc4.xml · nonDerivative · entry 1

DARLING ALISTAIR · CIK 0001662540 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,847.353

F1 · kind: Shares withheld to satisfy taxes upon the conversion of stock units granted to the Reporting Person under the Morgan Stanley Directors' Equity Capital Accumulation Plan as part of his director compensation.

SEC source: 0000899243-20-028927 · doc4.xml · nonDerivative · entry 19

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 431,278,020.073

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0000899243-20-028927 · doc4.xml · nonDerivative · entry 18

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 431,278,299.037

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0001209191-19-050312 · doc4.xml · derivative · entry 32

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 130,000

Underlying: Common Shares · 130,000 shares

Expires 2018-06-04

F7 · derivative.exercise_price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F8 · kind: Reflects an amendment of an outstanding total rate of return basket swap. The Reporting Person disclaims that this amendment and the total rate of return basket swap is subject to Section 16.

F7 · price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · derivative.exercise_date: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

SEC source: 0001209191-19-050312 · doc4.xml · derivative · entry 31

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 130,000

Underlying: Common Shares · 130,000 shares

Expires 2018-06-04

F7 · derivative.exercise_price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F8 · kind: Reflects an amendment of an outstanding total rate of return basket swap. The Reporting Person disclaims that this amendment and the total rate of return basket swap is subject to Section 16.

F7 · price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · derivative.exercise_date: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

SEC source: 0000899243-18-010858 · doc4.xml · nonDerivative · entry 1

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 431,145,952

F1 · kind: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also director of Morgan Stanley by deputization.

F2 · kind: The sales were to Morgan Stanley, approved by Morgan Stanley in accordance with Rule 16b-3(e) and effected pursuant to a sales plan designed to comply with Rule 10b5-1(c).

SEC source: 0001209191-19-050312 · doc4.xml · derivative · entry 30

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 130,000

Underlying: Common Shares · 130,000 shares

Expires 2018-06-04

F7 · derivative.exercise_price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · price: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

F7 · derivative.exercise_date: On April 3, 2018, the Reporting Person entered into a total rate of return basket swap with a counterparty under which, upon each reset and expiration of the agreement (i) the Reporting Person was obligated to pay in cash to the counterparty any increase in the market value of shares of common stock at such reset date or expiration compared to the previous reset dates (or, in the case of the first reset date, the trade date), (ii) the counterparty was obligated to pay in cash to the Reporting Person the absolute value of any decrease in the market value of shares of common stock and (iii) the counterparty was also obligated to pay to the Reporting Person an "interest" on the notional amount of the agreement at the LIBOR rate plus spread. The Reporting Person disclaims that this total rate of return basket swap is subject to Section 16.

SEC source: 0000899243-20-028927 · doc4.xml · nonDerivative · entry 17

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 432,019,499.049

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0000899243-20-028927 · doc4.xml · nonDerivative · entry 16

MITSUBISHI UFJ FINANCIAL GROUP INC · CIK 0000067088 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Subsidiary

Disclosed balance after: 432,018,755.765

F1 · security: By virtue of its right to appoint two directors to the Board of Directors of Morgan Stanley, the Reporting Person is also a director of Morgan Stanley by deputization.

F2 · security: The purchases and sales reflect the Reporting Person's pecuniary interest in transactions effected by its wholly-owned subsidiaries indirectly through certain investment funds.

F3 · security: The Reporting Person has disgorged the profits realized by these transactions to the Issuer, including all transactions as to which the Reporting Person has disclaimed beneficial ownership and all transactions and securities which the Reporting Person has disclaimed being subject to Section 16.

F4 · balance_after: The amounts reported in this column reflect not only the transactions set forth in this disclosure, but also those reported in prior Form 4 filings.

F5 · ownership.nature: This Form 4 is the result of the Reporting Person's review of past trading activity in Morgan Stanley equity securities. That review, which began in late 2018, remains ongoing, and the Reporting Person will make further disclosures should it determine that it is necessary to do so.

SEC source: 0001209191-18-014982 · doc4.xml · nonDerivative · entry 5

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Indirect · By Grantor Retained Annuity Trust

Disclosed balance after: 52,400

F2 · balance_after: Since the Reporting Person's last report, 9,857 shares of Common Stock previously reported as indirectly beneficially owned by a grantor retained annuity trust ("GRAT") were transferred back to the Reporting Person in satisfaction of an annuity payment and 52,400 shares previously reported as directly beneficially owned were transferred to a GRAT.

SEC source: 0001209191-18-014982 · doc4.xml · nonDerivative · entry 4

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,280,690.647

F3 · kind: Shares withheld to satisfy taxes upon the conversion of LTIP Awards granted on January 21, 2015 and earned on February 27, 2018 as described in footnote (1).

SEC source: 0001209191-18-014982 · doc4.xml · nonDerivative · entry 3

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,383,482.647

F1 · kind: Shares earned based on the Company's achievement of pre-established performance criteria in accordance with the terms of long-term incentive program awards ("LTIP Awards") granted on January 21, 2015.

F2 · balance_after: Since the Reporting Person's last report, 9,857 shares of Common Stock previously reported as indirectly beneficially owned by a grantor retained annuity trust ("GRAT") were transferred back to the Reporting Person in satisfaction of an annuity payment and 52,400 shares previously reported as directly beneficially owned were transferred to a GRAT.

SEC source: 0001209191-18-014988 · doc4.xml · nonDerivative · entry 2

KELLEHER THOMAS COLM · CIK 0001413097 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 771,782.308

F2 · kind: Shares withheld to satisfy taxes upon the conversion of LTIP Awards granted on January 21, 2015 and earned on February 27, 2018 as described in footnote (1).

SEC source: 0001209191-18-014988 · doc4.xml · nonDerivative · entry 1

KELLEHER THOMAS COLM · CIK 0001413097 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 844,122.308

F1 · kind: Shares earned based on the Company's achievement of pre-established performance criteria in accordance with the terms of long-term incentive program awards ("LTIP Awards") granted on January 21, 2015.

SEC source: 0001209191-18-014998 · doc4.xml · nonDerivative · entry 2

GROSSMAN ERIC F · CIK 0001539492 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 216,491.573

F2 · kind: Shares withheld to satisfy taxes upon the conversion of LTIP Awards granted on January 21, 2015 and earned on February 27, 2018 as described in footnote (1).

SEC source: 0001209191-18-014998 · doc4.xml · nonDerivative · entry 1

GROSSMAN ERIC F · CIK 0001539492 · Chief Legal Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 242,682.573

F1 · kind: Shares earned based on the Company's achievement of pre-established performance criteria in accordance with the terms of long-term incentive program awards ("LTIP Awards") granted on January 21, 2015.

SEC source: 0001209191-18-015009 · doc4.xml · nonDerivative · entry 2

Hotsuki Keishi · CIK 0001510396 · Chief Risk Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 230,051.108

F2 · kind: Shares withheld to satisfy taxes upon the conversion of LTIP Awards granted on January 21, 2015 and earned on February 27, 2018 as described in footnote (1).

SEC source: 0001209191-18-015009 · doc4.xml · nonDerivative · entry 1

Hotsuki Keishi · CIK 0001510396 · Chief Risk Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 251,876.108

F1 · kind: Shares earned based on the Company's achievement of pre-established performance criteria in accordance with the terms of long-term incentive program awards ("LTIP Awards") granted on January 21, 2015.

SEC source: 0001209191-18-015019 · doc4.xml · nonDerivative · entry 2

BRODSKY JEFFREY S · CIK 0001663751 · Chief Human Resources Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 120,701.991

F2 · kind: Shares withheld to satisfy taxes upon the conversion of LTIP Awards granted on January 21, 2015 and earned on February 27, 2018 as described in footnote (1).

SEC source: 0001209191-18-015019 · doc4.xml · nonDerivative · entry 1

BRODSKY JEFFREY S · CIK 0001663751 · Chief Human Resources Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 138,162.991

F1 · kind: Shares earned based on the Company's achievement of pre-established performance criteria in accordance with the terms of long-term incentive program awards ("LTIP Awards") granted on January 21, 2015.

SEC source: 0001209191-18-014549 · doc4.xml · nonDerivative · entry 1

WIRTH PAUL C · CIK 0001319921 · Deputy Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 186,003.333

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $56.90 to $56.92, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001209191-18-014982 · doc4.xml · nonDerivative · entry 2

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,232,878.647

SEC source: 0001209191-18-010838 · doc4.xml · nonDerivative · entry 1

PRUZAN JONATHAN · CIK 0001640050 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 124,613.474

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $55.243 to $55.445, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001209191-18-014982 · doc4.xml · nonDerivative · entry 1

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,236,518.647

SEC source: 0001209191-18-010823 · doc4.xml · nonDerivative · entry 2

GORMAN JAMES P · CIK 0001182328 · Director · Chairman and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,235,467.567

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $55.16 to $55.60, inclusive. The Reporting Person undertakes to provide to Morgan Stanley, any security holder of Morgan Stanley or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.