Morningstar, Inc. — Director's Dealing 2011

Nov 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Morningstar, Inc. (MORN)
CIK: 0001289419
Period of Report: 2011-11-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-15	Common Stock (Restricted Stock Units)	F	11	$59.35	Disposed	44280	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Restricted Stock Units)	62634	Direct