Filing Details

Accession Number:
0001289419-12-000400
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-11-13 10:31:57
Reporting Period:
2012-11-08
Filing Date:
2012-11-13
Accepted Time:
2012-11-13 10:31:57
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
1406840 Scott Richard Cooley C/O Morningstar, Inc.
22 West Washington Street
Chicago IL 60602
Chief Financial Officer No Yes 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 2012-11-08 2,000 $20.46 40,257 No 4 M Direct
Common Stock Disposition 2012-11-08 2,000 $63.62 38,257 No 4 S Direct
Common Stock Acquisiton 2012-11-09 2,000 $20.46 40,257 No 4 M Direct
Common Stock Disposition 2012-11-09 2,000 $63.41 38,257 No 4 S Direct
Common Stock Acquisiton 2012-11-12 2,000 $20.46 40,257 No 4 M Direct
Common Stock Disposition 2012-11-12 2,000 $63.13 38,257 No 4 S Direct
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
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 2012-11-08 2,000 $0.00 2,000 $20.46
Common Stock Employee Stock Option (Right to Buy) Disposition 2012-11-09 2,000 $0.00 2,000 $20.46
Common Stock Employee Stock Option (Right to Buy) Disposition 2012-11-12 2,000 $0.00 2,000 $20.46
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
6,000 2014-12-01 No 4 M Direct
4,000 2014-12-01 No 4 M Direct
2,000 2014-12-01 No 4 M Direct
Footnotes
  1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 31, 2012.
  2. 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 November 8, 2012, the exercise price was $20.4557.
  3. The transaction was executed in multiple trades at prices ranging from $63.39 to $63.88. The price reported above 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.
  4. 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 November 9, 2012, the exercise price was $20.4579.
  5. The transaction was executed in multiple trades at prices ranging from $63.18 to $63.74. The price reported above 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.
  6. 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 November 12, 2012, the exercise price was $20.4648.
  7. The transaction was executed in multiple trades at prices ranging from $62.71 to $63.41. The price reported above 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.
  8. The options become exercisable in four equal installments on May 1, 2005, 2006, 2007 and 2008.