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MORGAN STANLEY
> GSOL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2017 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 120,789 | -2,888 | 997 | -1,094,003 | $0.01 |
| 12/31/2016 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 123,677 | 34,225 | 1,095,000 | 336,000 | $8.85 |
| 09/30/2016 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 89,452 | 89,452 | 759,000 | 759,000 | $8.48 |
| 06/30/2016 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 137,314 | 137,314 | 1,259,000 | 1,259,000 | $9.17 |
| 03/31/2016 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 138,308 | 138,308 | 1,121,000 | 1,121,000 | $8.11 |
| 12/31/2015 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 113,373 | 113,373 | 883,000 | 883,000 | $7.79 |
| 09/30/2015 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 104,256 | 104,256 | 866,000 | 866,000 | $8.31 |
| 06/30/2015 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 98,738 | 98,738 | 686,000 | 686,000 | $6.95 |
| 03/31/2015 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 17,339 | 17,339 | 102,000 | 102,000 | $5.88 |
| 12/31/2014 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 35,875 | 35,875 | 228,000 | 228,000 | $6.36 |
| 09/30/2014 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 52,212 | 52,212 | 350,000 | 350,000 | $6.70 |
| 06/30/2014 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 9,352 | 9,352 | 77,000 | 77,000 | $8.23 |
| 03/31/2014 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 48,107 | 48,107 | 431,000 | 431,000 | $8.96 |
| 12/31/2013 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 9,310 | 9,310 | 76,000 | 76,000 | $8.16 |
| 09/30/2013 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 0 | -10,663 | 0 | -71,000 | |
| 06/30/2013 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 10,663 | 10,663 | 71,000 | 71,000 | $6.66 |
| 03/31/2013 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 0 | -20,920 | 0 | -135,000 | |
| 12/31/2012 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 20,920 | 20,920 | 135,000 | 135,000 | $6.45 |
| 06/30/2012 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 0 | -23,642 | 0 | -145,000 | |
| 03/31/2012 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 23,642 | -43,941 | 145,000 | -312,000 | $6.13 |
| 12/31/2011 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 25,324 | -42,259 | 123,000 | -334,000 | $4.86 |
| 09/30/2011 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 67,583 | -5,308 | 457,000 | -213,000 | $6.76 |
| 08/03/2011 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 72,891 | 9,181 | 670,000 | -71,000 | $9.19 |
| 03/31/2011 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 63,710 | -637 | 741,000 | 129,000 | $11.63 |
| 12/31/2010 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 64,347 | -20,766 | 612,000 | -31,000 | $9.51 |
| 09/30/2010 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 85,113 | 59,754 | 643,000 | 444,000 | $7.55 |
| 06/30/2010 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 25,359 | -15,180 | 199,000 | -65,000 | $7.85 |
| 03/31/2010 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 40,539 | 9,954 | 264,000 | 74,000 | $6.51 |
| 12/31/2009 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 30,585 | 1,091 | 190,000 | -13,000 | $6.21 |
| 09/30/2009 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 29,494 | 29,494 | 203,000 | 203,000 | $6.88 |
| 06/30/2009 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 0 | -25,410 | 0 | -98,000 | |
| 03/31/2009 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 25,410 | -37,169 | 98,000 | -243,000 | $3.86 |
| 12/31/2008 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 62,579 | -26,551 | 341,000 | -556,000 | $5.45 |
| 09/30/2008 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 89,130 | -57,124 | 897,000 | -1,323,000 | $10.06 |
| 06/30/2008 | GLOBAL SOURCES LTD /BERMUDA | GSOL | 146,254 | -222,049 | 2,220,000 | -8,174,000 | $15.18 |
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