Filing Details
- Accession Number:
- 0001289419-13-000197
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-07-22 17:26:52
- Reporting Period:
- 2013-05-20
- Filing Date:
- 2013-07-22
- Accepted Time:
- 2013-07-22 17:26:52
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1289419 | Morningstar Inc. | MORN | Investment Advice (6282) | 363297908 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1205346 | Jack Noonan | C/O Morningstar, Inc. 22 West Washington Street Chicago IL 60602 | Yes | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2013-05-20 | 1,000 | $20.91 | 64,913 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2013-06-18 | 1,000 | $20.98 | 64,913 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2013-07-18 | 1,000 | $21.05 | 64,913 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2013-07-18 | 1,000 | $75.17 | 63,913 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2013-05-20 | 1,000 | $0.00 | 1,000 | $20.91 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2013-06-18 | 1,000 | $0.00 | 1,000 | $20.98 |
| Common Stock | Employee Stock Option (Right to Buy) | Disposition | 2013-07-18 | 1,000 | $0.00 | 1,000 | $21.05 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 7,000 | 2014-12-01 | No | 4 | M | Direct | |
| 6,000 | 2014-12-01 | No | 4 | M | Direct | |
| 5,000 | 2014-12-01 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 1,000 | Indirect | By spouse |
Footnotes
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2012.
- The exercise price increases over the term of the option at a rate equal to the 10-year Treasury bond yield as of the date of grant ($14.70). On May 20, 2013, the exercise price was $20.91.
- The exercise price increases over the term of the option at a rate equal to the 10-year Treasury bond yield as of the date of grant ($14.70). On June 18, 2013, the exercise price was $20.98.
- The exercise price increases over the term of the option at a rate equal to the 10-year Treasury bond yield as of the date of grant ($14.70). On July 18, 2013, the exercise price was $21.05.
- The transaction was executed in multiple trades at prices ranging from $75.04 to $75.28. The price reported above reflects the weighted average sale price. The reporting person herby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- The options become exercisable in three equal installments on January 27, 2005, 2006, and 2007.
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