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Morningstar, Inc. Director's Dealing 2011

May 3, 2011

30609_dirs_2011-05-03_c9d8c42e-61ae-4251-afef-4d818bf1526e.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: 2011-04-29

Reporting Person: Chen Peng (Pres., Investment Management)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-29	Common Stock (Restricted Stock Units)	A	19	—	Acquired	26299	Direct

Footnotes

F1: Includes 19.8881 restricted stock units acquired on April 29, 2011 pursuant to a dividend reinvestment feature of the Morningstar, Inc. 2004 Stock Incentive Plan.