Morningstar, Inc. — Director's Dealing 2011

Aug 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Morningstar, Inc. (MORN)
CIK: 0001289419
Period of Report: 2011-07-29

Reporting Person: Desmond Bevin (President, Int'l Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-29	Common Stock (Restricted Stock Units)	A	10	—	Acquired	64680	Direct
2011-07-29	Common Stock (Restricted Stock Units)	A	1	—	Acquired	44289	Indirect

Footnotes

F1: Includes 10.7178 restricted stock units acquired on July 29, 2011 pursuant to a dividend reinvestment feature of the Morningstar, Inc. 2004 Stock Incentive Plan.

F2: Includes 1.1653 restricted stock units acquired on July 29, 2011 pursuant to a dividend reinvestment feature of the Morningstar, Inc. 2004 Stock Incentive Plan.