Insider Trading activities of Morningstar, Inc. insiders. , Part 11

Monthly summaries of insider trading activities (stock purchases, sales, and option exercises) reported by insiders of Morningstar, Inc. since 2005 are illustrated in Table 1 and Table 2. Table 1 shows the monthly insider trading data of Morningstar, Inc. since year 2005. (See page 1 of this report.) Table 2 shows the detailed insider transactions of Morningstar, Inc. since 2005. The reporting company's ticker symbol is MORN. The reporting company's CIK number is 1289419.
The total value of stock buying since 2005 is $116,664.
The total value of stock sales since 2005 is $811,266,945.
The total value of stock option exercises since 2005 is $65,613,286.



Table 2. Detailed insider stock purchases, sales, and option exercises of Morningstar, Inc. insiders (MORN) , Part 11
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
2008-08-22 Phillips Donald James Ii (Managing Director) Option Ex 2,500 14.13 35,325
2008-08-21 Mansueto Joseph D (Chairman & CEO) Sale 16,000 62.99 1,007,856
2008-08-21 Phillips Donald James Ii (Managing Director) Sale 12,500 62.89 786,150
2008-08-21 Phillips Donald James Ii (Managing Director) Option Ex 12,500 14.13 176,625
2008-08-20 Mansueto Joseph D (Chairman & CEO) Sale 8,000 63.00 504,032
2008-08-19 Mansueto Joseph D (Chairman & CEO) Sale 2,200 64.46 141,818
2008-08-18 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 65.89 65,890
2008-08-18 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-08-14 Phillips Donald James Ii (Managing Director) Sale 15,000 64.88 973,140
2008-08-14 Phillips Donald James Ii (Managing Director) Option Ex 15,000 14.13 211,950
2008-08-13 Mansueto Joseph D (Chairman & CEO) Sale 8,000 65.26 522,056
2008-08-12 Mansueto Joseph D (Chairman & CEO) Sale 600 67.36 40,416
2008-08-11 Mansueto Joseph D (Chairman & CEO) Sale 8,000 65.93 527,432
2008-08-11 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 64.97 64,968
2008-08-11 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-08-11 Noonan Jack (Director) Sale 1,000 64.97 64,968
2008-08-11 Noonan Jack (Director) Option Ex 1,000 2.77 2,770
2008-08-08 Mansueto Joseph D (Chairman & CEO) Sale 8,000 64.36 514,888
2008-08-07 Phillips Donald James Ii (Managing Director) Sale 15,000 63.63 954,450
2008-08-07 Phillips Donald James Ii (Managing Director) Option Ex 24,500 8.45 207,024
2008-08-06 Williams David W (Managing Director, Design) Sale 2,000 65.48 130,967
2008-08-06 Williams David W (Managing Director, Design) Option Ex 2,000 17.14 34,272
2008-08-05 Mansueto Joseph D (Chairman & CEO) Sale 8,000 64.49 515,888
2008-08-04 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 63.53 63,530
2008-08-04 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-08-01 Sturm Paul W (Director) Sale 10,000 66.12 661,220
2008-07-31 Mansueto Joseph D (Chairman & CEO) Sale 6,372 63.57 405,093
2008-07-29 Mansueto Joseph D (Chairman & CEO) Sale 8,000 63.90 511,224
2008-07-28 Mansueto Joseph D (Chairman & CEO) Sale 5,700 63.05 359,362
2008-07-28 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 62.96 62,960
2008-07-28 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-07-24 Phillips Donald James Ii (Managing Director) Sale 15,000 64.89 973,395
2008-07-24 Phillips Donald James Ii (Managing Director) Option Ex 15,000 14.13 211,950
2008-07-23 Mansueto Joseph D (Chairman & CEO) Sale 8,000 65.22 521,720
2008-07-22 Mansueto Joseph D (Chairman & CEO) Sale 8,000 63.83 510,656
2008-07-21 Mansueto Joseph D (Chairman & CEO) Sale 8,000 63.78 510,248
2008-07-21 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 63.80 63,795
2008-07-21 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-07-17 Mansueto Joseph D (Chairman & CEO) Sale 8,000 62.65 501,208
2008-07-17 Phillips Donald James Ii (Managing Director) Sale 15,000 63.58 953,640
2008-07-17 Phillips Donald James Ii (Managing Director) Option Ex 15,000 14.13 211,950
2008-07-16 Mansueto Joseph D (Chairman & CEO) Sale 8,000 61.45 491,640
2008-07-15 Mansueto Joseph D (Chairman & CEO) Sale 7,200 62.18 447,674
2008-07-14 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 64.00 64,000
2008-07-14 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-07-10 Phillips Donald James Ii (Managing Director) Sale 15,000 63.80 956,985
2008-07-10 Phillips Donald James Ii (Managing Director) Option Ex 15,000 14.13 211,950
2008-07-10 Noonan Jack (Director) Sale 1,000 64.85 64,849
2008-07-10 Noonan Jack (Director) Option Ex 1,000 2.77 2,770
2008-07-09 Mansueto Joseph D (Chairman & CEO) Sale 100 67.10 6,709
2008-07-08 Mansueto Joseph D (Chairman & CEO) Sale 8,000 66.45 531,592
2008-07-07 Mansueto Joseph D (Chairman & CEO) Sale 3,000 67.48 202,440
2008-07-07 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 66.99 66,990
2008-07-07 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-07-03 Mansueto Joseph D (Chairman & CEO) Sale 300 68.20 20,458
2008-07-03 Phillips Donald James Ii (Managing Director) Sale 15,000 67.00 1,004,939
2008-07-03 Phillips Donald James Ii (Managing Director) Option Ex 24,500 8.45 207,024
2008-07-02 Mansueto Joseph D (Chairman & CEO) Sale 5,800 69.79 404,793
2008-07-02 Williams David W (Managing Director, Design) Sale 2,000 69.06 138,116
2008-07-02 Williams David W (Managing Director, Design) Option Ex 2,000 17.07 34,138
2008-07-01 Sturm Paul W (Director) Sale 20,000 70.40 1,408,060
2008-06-30 Huang Tao (Chief Operating Officer) Sale 25,000 72.87 1,821,849
2008-06-30 Huang Tao (Chief Operating Officer) Option Ex 25,000 12.55 313,875
2008-06-30 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 73.86 73,860
2008-06-30 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-06-27 Francis Cheryl A (Director) Sale 500 72.29 36,145
2008-06-27 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-26 Phillips Donald James Ii (Managing Director) Sale 17,300 71.77 1,244,547
2008-06-26 Phillips Donald James Ii (Managing Director) Option Ex 17,500 14.13 247,275
2008-06-26 Francis Cheryl A (Director) Sale 500 72.69 36,345
2008-06-26 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-25 Mansueto Joseph D (Chairman & CEO) Sale 8,000 72.49 579,725
2008-06-25 Francis Cheryl A (Director) Sale 500 71.79 35,895
2008-06-25 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-24 Mansueto Joseph D (Chairman & CEO) Sale 7,600 72.50 551,467
2008-06-24 Desmond Bevin (President, Int'l Business) Option Ex 570 2.77 1,578
2008-06-24 Francis Cheryl A (Director) Sale 500 72.26 36,130
2008-06-24 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-23 Mansueto Joseph D (Chairman & CEO) Sale 1,100 73.14 80,456
2008-06-23 Huang Tao (Chief Operating Officer) Sale 25,000 72.58 1,813,574
2008-06-23 Huang Tao (Chief Operating Officer) Option Ex 25,000 12.55 313,875
2008-06-23 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 1,000 73.07 73,073
2008-06-23 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 14.13 14,130
2008-06-23 Francis Cheryl A (Director) Sale 500 73.50 36,750
2008-06-23 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-20 Francis Cheryl A (Director) Sale 500 72.77 36,385
2008-06-20 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-19 Phillips Donald James Ii (Managing Director) Sale 17,500 72.80 1,272,362
2008-06-19 Phillips Donald James Ii (Managing Director) Option Ex 17,500 14.13 247,275
2008-06-19 Francis Cheryl A (Director) Sale 500 73.27 36,635
2008-06-19 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-18 Francis Cheryl A (Director) Sale 500 73.08 36,540
2008-06-18 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-17 Mansueto Joseph D (Chairman & CEO) Sale 8,000 73.88 591,026
2008-06-17 Francis Cheryl A (Director) Sale 500 73.81 36,905
2008-06-17 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-16 Mansueto Joseph D (Chairman & CEO) Sale 1,466 74.31 108,938
2008-06-16 Huang Tao (Chief Operating Officer) Sale 25,000 73.33 1,836,551
2008-06-16 Huang Tao (Chief Operating Officer) Option Ex 25,000 12.03 300,750
2008-06-16 Francis Cheryl A (Director) Sale 500 74.42 37,210
2008-06-16 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-13 Huang Tao (Chief Operating Officer) Sale 13,773 71.80 991,543
2008-06-13 Huang Tao (Chief Operating Officer) Option Ex 13,773 12.55 172,920
2008-06-13 Phillips Donald James Ii (Managing Director) Sale 2,500 72.38 180,937
2008-06-13 Phillips Donald James Ii (Managing Director) Option Ex 2,500 14.13 35,325
2008-06-13 Francis Cheryl A (Director) Sale 500 70.00 35,000
2008-06-13 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-12 Phillips Donald James Ii (Managing Director) Sale 14,998 69.09 1,036,948
2008-06-12 Phillips Donald James Ii (Managing Director) Option Ex 15,000 14.13 211,950
2008-06-11 Mansueto Joseph D (Chairman & CEO) Sale 200 69.81 13,962
2008-06-11 Huang Tao (Chief Operating Officer) Sale 292 70.14 20,480
2008-06-11 Huang Tao (Chief Operating Officer) Option Ex 292 12.55 3,666
2008-06-11 Francis Cheryl A (Director) Sale 500 70.45 35,225
2008-06-11 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-10 Mansueto Joseph D (Chairman & CEO) Sale 8,000 69.83 558,338
2008-06-10 Huang Tao (Chief Operating Officer) Sale 2,635 70.09 184,676
2008-06-10 Huang Tao (Chief Operating Officer) Option Ex 2,635 12.55 33,082
2008-06-10 Noonan Jack (Director) Sale 1,000 69.08 69,080
2008-06-10 Noonan Jack (Director) Option Ex 1,000 2.77 2,770
2008-06-10 Francis Cheryl A (Director) Sale 500 70.00 35,000
2008-06-10 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-09 Mansueto Joseph D (Chairman & CEO) Sale 8,000 69.99 559,955
2008-06-09 Huang Tao (Chief Operating Officer) Sale 8,300 70.36 583,289
2008-06-09 Huang Tao (Chief Operating Officer) Option Ex 8,300 12.55 104,206
2008-06-09 Francis Cheryl A (Director) Sale 500 70.24 35,120
2008-06-09 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-06 Francis Cheryl A (Director) Sale 500 70.89 35,445
2008-06-06 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-05 Phillips Donald James Ii (Managing Director) Sale 15,000 70.89 1,062,067
2008-06-05 Phillips Donald James Ii (Managing Director) Option Ex 24,500 8.45 207,024
2008-06-05 Francis Cheryl A (Director) Sale 500 70.00 35,000
2008-06-05 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-04 Mansueto Joseph D (Chairman & CEO) Sale 1,300 69.72 90,636
2008-06-04 Williams David W (Managing Director, Design) Sale 2,000 69.22 138,446
2008-06-04 Williams David W (Managing Director, Design) Option Ex 2,000 17.01 34,028
2008-06-03 Mansueto Joseph D (Chairman & CEO) Sale 7,500 70.15 526,211
2008-06-03 Huang Tao (Chief Operating Officer) Sale 1,999 70.45 140,316
2008-06-03 Huang Tao (Chief Operating Officer) Option Ex 2,000 10.98 21,960
2008-06-03 Sturm Paul W (Director) Sale 4,000 70.20 280,808
2008-06-03 Francis Cheryl A (Director) Sale 500 70.68 35,340
2008-06-03 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-06-02 Mansueto Joseph D (Chairman & CEO) Sale 200 71.12 14,224
2008-06-02 Huang Tao (Chief Operating Officer) Sale 3,000 70.84 211,313
2008-06-02 Huang Tao (Chief Operating Officer) Option Ex 3,000 10.98 32,940
2008-06-02 Sturm Paul W (Director) Sale 16,000 70.72 1,117,049
2008-06-02 Francis Cheryl A (Director) Sale 500 72.33 36,165
2008-06-02 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-30 Francis Cheryl A (Director) Sale 500 72.39 36,195
2008-05-30 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-29 Mansueto Joseph D (Chairman & CEO) Sale 8,000 71.94 576,860

Insider trading activities including stock purchases, stock sales, and option exercises of MORN listed in the above tables cannot be completely guaranteed as to their accuracy. For more insider trading information of Morningstar, Inc. (symbol MORN, CIK number 1289419) see the Securities and Exchange Commission (SEC) website.