Insider Trading activities of Morningstar, Inc. insiders. , Part 12

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 $813,469,676.
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 12
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
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
2008-05-29 Phillips Donald James Ii (Managing Director) Sale 2,000 72.05 144,090
2008-05-29 Phillips Donald James Ii (Managing Director) Option Ex 2,000 14.13 28,260
2008-05-29 Francis Cheryl A (Director) Sale 500 70.00 35,000
2008-05-29 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-28 Mansueto Joseph D (Chairman & CEO) Sale 3,800 70.05 266,190
2008-05-28 Huang Tao (Chief Operating Officer) Sale 2,800 70.14 196,380
2008-05-28 Huang Tao (Chief Operating Officer) Option Ex 2,800 10.98 30,744
2008-05-28 Francis Cheryl A (Director) Sale 500 70.25 35,125
2008-05-28 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-27 Robbins Richard E (General Counsel and Secretary) Sale 500 70.25 35,123
2008-05-27 Robbins Richard E (General Counsel and Secretary) Option Ex 500 35.71 17,854
2008-05-27 Mansueto Joseph D (Chairman & CEO) Sale 8,000 69.48 555,429
2008-05-27 Huang Tao (Chief Operating Officer) Sale 2,200 70.07 154,149
2008-05-27 Huang Tao (Chief Operating Officer) Option Ex 2,200 10.98 24,156
2008-05-27 Francis Cheryl A (Director) Sale 500 70.28 35,138
2008-05-27 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-22 Phillips Donald James Ii (Managing Director) Sale 15,500 70.44 1,088,511
2008-05-22 Phillips Donald James Ii (Managing Director) Option Ex 15,500 14.13 219,015
2008-05-22 Francis Cheryl A (Director) Sale 500 70.96 35,480
2008-05-22 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-21 Mansueto Joseph D (Chairman & CEO) Sale 1,900 72.36 137,478
2008-05-21 Francis Cheryl A (Director) Sale 500 72.72 36,360
2008-05-21 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-20 Mansueto Joseph D (Chairman & CEO) Sale 1,000 72.62 72,625
2008-05-20 Francis Cheryl A (Director) Sale 500 73.82 36,910
2008-05-20 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-19 Mansueto Joseph D (Chairman & CEO) Sale 6,707 73.72 494,434
2008-05-19 Huang Tao (Chief Operating Officer) Sale 5,000 73.95 368,935
2008-05-19 Huang Tao (Chief Operating Officer) Option Ex 5,000 10.98 54,900
2008-05-19 Francis Cheryl A (Director) Sale 500 74.37 37,185
2008-05-19 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-16 Reinkemeyer Patrick J (President, Morningstar Assocs.) Sale 4,000 73.50 293,984
2008-05-16 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 4,000 14.13 56,520
2008-05-16 Francis Cheryl A (Director) Sale 500 73.09 36,545
2008-05-16 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-15 Phillips Donald James Ii (Managing Director) Sale 17,600 72.96 1,280,654
2008-05-15 Phillips Donald James Ii (Managing Director) Option Ex 17,500 14.13 247,275
2008-05-15 Francis Cheryl A (Director) Sale 500 73.12 36,560
2008-05-15 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-14 Mansueto Joseph D (Chairman & CEO) Sale 7,000 73.98 517,891
2008-05-14 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 60,000 2.77 166,200
2008-05-14 Francis Cheryl A (Director) Sale 500 74.05 37,025
2008-05-14 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-13 Mansueto Joseph D (Chairman & CEO) Sale 8,000 73.79 590,166
2008-05-13 Francis Cheryl A (Director) Sale 500 73.70 36,850
2008-05-13 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-12 Robbins Richard E (General Counsel and Secretary) Sale 500 73.72 36,857
2008-05-12 Robbins Richard E (General Counsel and Secretary) Option Ex 500 35.65 17,823
2008-05-12 Mansueto Joseph D (Chairman & CEO) Sale 8,000 74.19 592,932
2008-05-12 Huang Tao (Chief Operating Officer) Sale 5,000 73.55 367,136
2008-05-12 Huang Tao (Chief Operating Officer) Option Ex 5,000 10.98 54,900
2008-05-12 Noonan Jack (Director) Sale 1,000 73.79 73,790
2008-05-12 Noonan Jack (Director) Option Ex 1,000 2.77 2,770
2008-05-09 Francis Cheryl A (Director) Sale 500 73.28 36,640
2008-05-09 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-08 Phillips Donald James Ii (Managing Director) Sale 17,500 73.34 1,284,558
2008-05-08 Phillips Donald James Ii (Managing Director) Option Ex 17,500 14.13 247,275
2008-05-08 Francis Cheryl A (Director) Sale 500 75.36 37,680
2008-05-08 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-07 Mansueto Joseph D (Chairman & CEO) Sale 7,900 76.10 601,291
2008-05-07 Odelbo Catherine Gillis (President, Individual Business) Sale 11,500 76.05 874,209
2008-05-07 Odelbo Catherine Gillis (President, Individual Business) Option Ex 11,500 18.97 218,109
2008-05-07 Williams David W (Managing Director, Design) Sale 2,000 75.03 150,054
2008-05-07 Williams David W (Managing Director, Design) Option Ex 2,000 16.96 33,920
2008-05-07 Francis Cheryl A (Director) Sale 500 74.68 37,340
2008-05-07 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-06 Mansueto Joseph D (Chairman & CEO) Sale 7,900 74.97 592,302
2008-05-06 Francis Cheryl A (Director) Sale 500 73.09 36,545
2008-05-06 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-05 Mansueto Joseph D (Chairman & CEO) Sale 8,000 74.19 595,287
2008-05-05 Odelbo Catherine Gillis (President, Individual Business) Sale 26,500 74.84 1,975,515
2008-05-05 Odelbo Catherine Gillis (President, Individual Business) Option Ex 26,500 16.96 449,334
2008-05-05 Huang Tao (Chief Operating Officer) Sale 7,500 72.45 544,637
2008-05-05 Huang Tao (Chief Operating Officer) Option Ex 7,500 10.98 82,350
2008-05-05 Francis Cheryl A (Director) Sale 500 72.08 36,040
2008-05-05 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-02 Robbins Richard E (General Counsel and Secretary) Sale 4,000 70.53 281,744
2008-05-02 Robbins Richard E (General Counsel and Secretary) Option Ex 4,000 35.60 142,420
2008-05-02 Odelbo Catherine Gillis (President, Individual Business) Sale 3,000 66.10 198,294
2008-05-02 Odelbo Catherine Gillis (President, Individual Business) Option Ex 3,000 16.95 50,850
2008-05-02 Huang Tao (Chief Operating Officer) Sale 5,000 70.52 352,193
2008-05-02 Huang Tao (Chief Operating Officer) Option Ex 5,000 10.98 54,900
2008-05-02 Sturm Paul W (Director) Sale 10,000 70.54 704,408
2008-05-02 Phillips Donald James Ii (Managing Director) Sale 5,000 68.67 343,335
2008-05-02 Phillips Donald James Ii (Managing Director) Option Ex 5,000 14.13 70,650
2008-05-02 Francis Cheryl A (Director) Sale 500 70.00 35,000
2008-05-02 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-05-01 Sturm Paul W (Director) Sale 9,900 59.98 594,139
2008-05-01 Phillips Donald James Ii (Managing Director) Sale 12,500 60.07 750,838
2008-05-01 Phillips Donald James Ii (Managing Director) Option Ex 22,000 8.45 185,899
2008-05-01 Williams David W (Managing Director, Design) Option Ex 4,116 10.98 45,193
2008-04-30 Mansueto Joseph D (Chairman & CEO) Sale 6,600 58.48 385,896
2008-04-29 Mansueto Joseph D (Chairman & CEO) Sale 8,000 57.94 463,251
2008-04-28 Mansueto Joseph D (Chairman & CEO) Sale 8,000 57.88 462,906
2008-04-24 Phillips Donald James Ii (Managing Director) Sale 12,500 57.61 721,211
2008-04-24 Phillips Donald James Ii (Managing Director) Option Ex 12,500 14.13 176,625
2008-04-23 Mansueto Joseph D (Chairman & CEO) Sale 13,068 55.52 725,438
2008-04-22 Mansueto Joseph D (Chairman & CEO) Sale 456 55.61 25,358
2008-04-21 Mansueto Joseph D (Chairman & CEO) Sale 400 56.59 22,637
2008-04-18 Cooley Richard Scott (Chief Financial Officer) Option Ex 3,060 14.13 43,237
2008-04-17 Phillips Donald James Ii (Managing Director) Sale 10,000 56.20 560,104
2008-04-17 Phillips Donald James Ii (Managing Director) Option Ex 10,000 14.13 141,300
2008-04-16 Cooley Richard Scott (Chief Financial Officer) Option Ex 5,500 8.33 45,793
2008-04-16 Mansueto Joseph D (Chairman & CEO) Sale 8,000 57.47 459,324
2008-04-16 Sturm Paul W (Director) Sale 8,100 59.75 483,812
2008-04-15 Mansueto Joseph D (Chairman & CEO) Sale 500 59.28 29,638
2008-04-14 Mansueto Joseph D (Chairman & CEO) Sale 1,700 61.04 103,761
2008-04-14 Sturm Paul W (Director) Sale 6,200 60.14 371,086
2008-04-10 Phillips Donald James Ii (Managing Director) Sale 12,500 62.55 781,979
2008-04-10 Phillips Donald James Ii (Managing Director) Option Ex 12,500 14.13 176,625
2008-04-10 Noonan Jack (Director) Sale 1,000 62.97 62,970
2008-04-10 Noonan Jack (Director) Option Ex 1,000 2.77 2,770
2008-04-09 Mansueto Joseph D (Chairman & CEO) Sale 402 64.68 26,001
2008-04-08 Mansueto Joseph D (Chairman & CEO) Sale 8,000 64.41 515,280
2008-04-07 Mansueto Joseph D (Chairman & CEO) Sale 4,734 65.01 307,743
2008-04-07 Odelbo Catherine Gillis (President, Individual Business) Sale 1,000 65.72 65,720
2008-04-07 Odelbo Catherine Gillis (President, Individual Business) Option Ex 1,000 16.90 16,902
2008-04-03 Phillips Donald James Ii (Managing Director) Sale 45,000 66.41 2,990,511
2008-04-03 Phillips Donald James Ii (Managing Director) Option Ex 73,500 8.45 621,072
2008-04-02 Mansueto Joseph D (Chairman & CEO) Sale 8,000 65.69 525,520
2008-04-01 Mansueto Joseph D (Chairman & CEO) Sale 8,000 62.54 499,573
2008-04-01 Phillips Donald James Ii (Managing Director) Sale 1,900 64.06 121,710
2008-04-01 Phillips Donald James Ii (Managing Director) Option Ex 1,900 14.13 26,847
2008-03-27 Phillips Donald James Ii (Managing Director) Sale 13,100 62.21 816,383
2008-03-27 Phillips Donald James Ii (Managing Director) Option Ex 13,100 14.13 185,103
2008-03-26 Mansueto Joseph D (Chairman & CEO) Sale 8,317 63.09 509,814
2008-03-25 Mansueto Joseph D (Chairman & CEO) Sale 8,000 65.95 527,640
2008-03-24 Mansueto Joseph D (Chairman & CEO) Sale 8,000 64.08 511,309
2008-03-24 Phillips Donald James Ii (Managing Director) Sale 2,500 64.09 160,217
2008-03-24 Phillips Donald James Ii (Managing Director) Option Ex 2,500 14.13 35,325
2008-03-20 Mansueto Joseph D (Chairman & CEO) Sale 8,000 60.95 487,640
2008-03-20 Phillips Donald James Ii (Managing Director) Sale 12,500 61.19 765,370
2008-03-20 Phillips Donald James Ii (Managing Director) Option Ex 12,500 14.13 176,625
2008-03-19 Mansueto Joseph D (Chairman & CEO) Sale 8,000 63.05 504,272
2008-03-18 Mansueto Joseph D (Chairman & CEO) Sale 8,000 60.40 482,981
2008-03-13 Phillips Donald James Ii (Managing Director) Sale 12,500 60.73 760,797
2008-03-13 Phillips Donald James Ii (Managing Director) Option Ex 12,500 14.13 176,625
2008-03-12 Mansueto Joseph D (Chairman & CEO) Sale 3,400 61.72 209,855
2008-03-12 Sturm Paul W (Director) Sale 5,000 60.98 303,830
2008-03-11 Mansueto Joseph D (Chairman & CEO) Sale 8,000 61.43 490,957
2008-03-10 Mansueto Joseph D (Chairman & CEO) Sale 200 60.72 12,143
2008-03-10 Noonan Jack (Director) Sale 1,000 60.50 60,500
2008-03-10 Noonan Jack (Director) Option Ex 1,000 2.77 2,770
2008-03-06 Mansueto Joseph D (Chairman & CEO) Sale 8,000 64.00 511,984
2008-03-06 Phillips Donald James Ii (Managing Director) Sale 14,900 63.81 951,461
2008-03-06 Phillips Donald James Ii (Managing Director) Option Ex 24,500 8.45 207,024

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.