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Morningstar, Inc. — Director's Dealing 2012
Nov 8, 2012
30609_dirs_2012-11-08_37636d07-bc04-4c88-bc5a-a6e1a1db6822.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: 2012-11-06
Reporting Person: Cooley Richard Scott (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-11-06 | Common Stock | M | 2000 | $8.57 | Acquired | 40257 | Direct |
| 2012-11-06 | Common Stock | S | 2000 | $63.8984 | Disposed | 38257 | Direct |
| 2012-11-07 | Common Stock | M | 2000 | $20.4534 | Acquired | 40257 | Direct |
| 2012-11-07 | Common Stock | S | 2000 | $63.5518 | Disposed | 38257 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-11-06 | Employee Stock Option (Right to Buy) | $8.57 | M | 2000 | Disposed | 2013-05-01 | Common Stock (2000) | Direct |
| 2012-11-07 | Employee Stock Option (Right to Buy) | $20.4534 | M | 2000 | Disposed | 2014-12-01 | Common Stock (2000) | Direct |
Footnotes
F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 31, 2012.
F2: The transaction was executed in multiple trades at prices ranging from $63.59 to $64.41. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
F3: 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 ($14.70). On November 7, 2012, the exercise price was $20.4534.
F4: The transaction was executed in multiple trades at prices ranging from $63.29 to $63.82. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
F5: The options become exercisable in four equal installments on May 1, 2004, 2005, 2006 and 2007.
F6: The options become exercisable in four equal installments on May 1, 2005, 2006, 2007 and 2008.