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Morningstar, Inc. — Director's Dealing 2012
Oct 16, 2012
30609_dirs_2012-10-16_ac3c6b56-6876-4bc1-b6c5-309b0824074f.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: 2012-10-15
Reporting Person: Desmond Bevin (President, Int'l Division)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-10-15 | Common Stock | M | 4501 | $20.4008 | Acquired | 71957 | Direct |
| 2012-10-15 | Common Stock | M | 2586 | $25.1277 | Acquired | 74543 | Direct |
| 2012-10-15 | Common Stock | S | 7087 | $64.0348 | Disposed | 67456 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-10-15 | Employee Stock Option (Right to Buy) | $20.4008 | M | 4501 | Disposed | 2014-12-01 | Common Stock (4501) | Direct |
| 2012-10-15 | Employee Stock Option (Right to Buy) | $25.1277 | M | 2586 | Disposed | 2015-05-02 | Common Stock (2586) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 44549 | Indirect |
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 August 21, 2012.
F2: The options became exercisable in four equal installments on May 1, 2005, 2006, 2007 and 2008.
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 October 15, 2012, the exercise price was $20.4008.
F4: The transaction was executed in multiple trades at prices ranging from $64.00 to $64.15. 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 became exercisable in four equal installments on May 2, 2006, 2007, 2008 and 2009.
F6: 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 October 15, 2012, the exercise price was $25.1277.