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Filing Details

Accession Number:: 0001289419-11-000261
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-08-03 13:00:00
Reporting Period:: 2011-08-01

Filing Date:: 2011-08-03
Accepted Time:: 2011-08-03 17:23:32
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
1323954	Bevin Desmond	C/O Morningstar, Inc. 22 West Washington Street Chicago IL 60602	President, Int'l Division	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2011-08-01	11,851	$19.40	76,531	No	4	M	Direct
Common Stock	Disposition	2011-08-01	11,851	$60.50	64,680	No	4	S	Direct
Common Stock	Acquisiton	2011-08-01	1,680	$19.40	66,360	No	4	M	Direct
Common Stock	Disposition	2011-08-01	1,680	$61.69	64,680	No	4	S	Direct
Common Stock	Acquisiton	2011-08-01	769	$19.40	65,449	No	4	M	Direct
Common Stock	Disposition	2011-08-01	769	$62.38	64,680	No	4	S	Direct
Common Stock	Acquisiton	2011-08-01	8,527	$19.40	52,816	No	4	M	Indirect	By spouse
Common Stock	Disposition	2011-08-01	8,527	$60.50	44,289	No	4	S	Indirect	By spouse
Common Stock	Acquisiton	2011-08-01	1,240	$19.40	45,529	No	4	M	Indirect	By spouse
Common Stock	Disposition	2011-08-01	1,240	$61.63	44,289	No	4	S	Indirect	By spouse
Common Stock	Acquisiton	2011-08-01	233	$19.40	44,522	No	4	M	Indirect	By spouse
Common Stock	Disposition	2011-08-01	233	$62.41	44,289	No	4	S	Indirect	By spouse
Common Stock	Acquisiton	2011-08-01	2,473	$10.95	46,762	No	4	M	Indirect	By spouse
Common Stock	Disposition	2011-08-01	2,473	$60.50	44,289	No	4	S	Indirect	By spouse
Common Stock	Acquisiton	2011-08-01	360	$10.95	44,649	No	4	M	Indirect	By spouse
Common Stock	Disposition	2011-08-01	360	$61.63	44,289	No	4	S	Indirect	By spouse
Common Stock	Acquisiton	2011-08-01	67	$10.95	44,356	No	4	M	Indirect	By spouse
Common Stock	Disposition	2011-08-01	67	$62.41	44,289	No	4	S	Indirect	By spouse

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Indirect	By spouse
No	4	S	Indirect	By spouse
No	4	M	Indirect	By spouse
No	4	S	Indirect	By spouse
No	4	M	Indirect	By spouse
No	4	S	Indirect	By spouse
No	4	M	Indirect	By spouse
No	4	S	Indirect	By spouse
No	4	M	Indirect	By spouse
No	4	S	Indirect	By spouse
No	4	M	Indirect	By spouse
No	4	S	Indirect	By spouse

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2011-08-01	14,300	$0.00	14,300	$19.40
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2011-08-01	10,000	$0.00	10,000	$19.40
Common Stock	Employee Stock Option (Right to Buy)	Disposition	2011-08-01	2,900	$0.00	2,900	$10.95

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
35,700	2014-12-01	No	4	M	Direct
0	2014-12-01	No	4	M	Indirect
3,093	2012-05-01	No	4	M	Indirect

Footnotes

The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 27, 2011.
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 August 1, 2011, the exercise price was $19.4040.
The transaction was executed in multiple trades at prices ranging from $60.21 to $61.20. The price reported aboved reflects the weighted average sale price. The reporting person hereby 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 transaction was executed in multiple trades at prices ranging from $61.24 to $62.20. The price reported aboved reflects the weighted average sale price. The reporting person hereby 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 transaction was executed in multiple trades at prices ranging from $62.27 to $62.63. The price reported aboved reflects the weighted average sale price. The reporting person hereby 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 transaction was executed in multiple trades at prices ranging from $62.28 to $62.48. The price reported aboved reflects the weighted average sale price. The reporting person hereby 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 became exercisable in 4 equal installments on May 1, 2005, 2006, 2007, and 2008.
The options became exercisable in 4 equal installments on May 1, 2003, 2004, 2005, and 2006.