Morningstar, Inc. — Director's Dealing 2012

Nov 8, 2012

SEC Form 4/A — Form 4/A

Issuer: Morningstar, Inc. (MORN)
CIK: 0001289419
Period of Report: 2012-11-05

Reporting Person: FRANCIS CHERYL A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-05	Employee Stock Option (Right to Buy)	$25.1871	M	500	Disposed	2015-05-02	Common Stock (500)	Direct

Footnotes

F1: 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 ($18.50). On November 5, 2012, the exercise price was $25.1871.

F2: The options become exercisable in three equal installments on May 5, 2006, 20007, and 2008.

F3: Due to a clerical error, the reporting person is filing an amended Form 4 to correct the Transaction Date from November 2, 2012 to November 5, 2012.