Morningstar, Inc. — Director's Dealing 2012

Nov 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Morningstar, Inc. (MORN)
CIK: 0001289419
Period of Report: 2012-10-31

Reporting Person: Lyons William M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-31	Common Stock (Restricted Stock Units)	A	5	—	Acquired	5407	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9755	Indirect

Footnotes

F1: Includes 5.4403 restricted stock units acquired on October 31, 2012 pursuant to a dividend reinvestment feature of the Morningstar, Inc. 2011 Stock Incentive Plan.