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Morningstar, Inc. Director's Dealing 2010

Jan 28, 2010

30609_dirs_2010-01-28_fcf7fe7a-b5d7-4f75-abbe-724fcfea3487.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Morningstar, Inc. (MORN)
CIK: 0001289419
Period of Report: 2010-01-27

Reporting Person: Mansueto Joseph D (Director, Chairman & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-01-27 Common Stock S 8200 $46.6029 Disposed 25694836 Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2009 and amended on November 23, 2009.

F2: This transaction was executed in multiple trades at prices ranging from $46.28 to $46.91. 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.