Insider Trading activities of Morningstar, Inc. insiders. , Part 13

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 13
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
2008-03-05 Mansueto Joseph D (Chairman & CEO) Sale 8,000 63.71 509,712
2008-03-04 Mansueto Joseph D (Chairman & CEO) Sale 8,000 64.47 515,589
2008-02-28 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 30,000 2.77 83,100
2008-02-28 Phillips Donald James Ii (Managing Director) Sale 15,000 65.63 981,069
2008-02-28 Phillips Donald James Ii (Managing Director) Option Ex 15,000 14.13 211,950
2008-02-27 Mansueto Joseph D (Chairman & CEO) Sale 1,200 66.59 79,908
2008-02-27 Sturm Paul W (Director) Sale 5,000 65.99 329,132
2008-02-26 Lyons William M (Director) Buy 1,000 65.24 65,239
2008-02-26 Mansueto Joseph D (Chairman & CEO) Sale 8,000 65.13 523,732
2008-02-25 Mansueto Joseph D (Chairman & CEO) Sale 8,000 63.58 508,600
2008-02-22 Huang Tao (Chief Operating Officer) Option Ex 10,000 10.98 109,800
2008-02-21 Mansueto Joseph D (Chairman & CEO) Sale 2,693 67.57 181,968
2008-02-21 Phillips Donald James Ii (Managing Director) Sale 15,000 66.69 996,347
2008-02-21 Phillips Donald James Ii (Managing Director) Option Ex 15,000 14.13 211,950
2008-02-20 Mansueto Joseph D (Chairman & CEO) Sale 8,000 67.01 536,088
2008-02-19 Mansueto Joseph D (Chairman & CEO) Sale 8,000 66.73 532,804
2008-02-14 Phillips Donald James Ii (Managing Director) Sale 15,000 65.91 989,964
2008-02-14 Phillips Donald James Ii (Managing Director) Option Ex 15,000 14.13 211,950
2008-02-13 Mansueto Joseph D (Chairman & CEO) Sale 8,300 67.47 553,909
2008-02-13 Sturm Paul W (Director) Sale 5,000 67.19 334,727
2008-02-13 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 6,702 10.98 73,587
2008-02-12 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 17,322 2.77 47,981
2008-02-11 Mansueto Joseph D (Chairman & CEO) Sale 6,800 64.02 435,336
2008-02-11 Noonan Jack (Director) Sale 1,000 63.60 63,596
2008-02-11 Noonan Jack (Director) Option Ex 1,000 2.77 2,770
2008-02-07 Phillips Donald James Ii (Managing Director) Sale 15,000 63.25 951,800
2008-02-07 Phillips Donald James Ii (Managing Director) Option Ex 24,500 6.56 160,622
2008-02-06 Mansueto Joseph D (Chairman & CEO) Sale 8,000 63.33 506,640
2008-02-05 Mansueto Joseph D (Chairman & CEO) Sale 1,400 66.63 93,276
2008-02-04 Mansueto Joseph D (Chairman & CEO) Sale 8,000 66.14 529,080
2008-01-31 Williams David W (Managing Director, Design) Option Ex 4,005 2.77 11,093
2008-01-30 Mansueto Joseph D (Chairman & CEO) Sale 8,000 61.82 494,576
2008-01-30 Sturm Paul W (Director) Sale 5,000 62.75 311,216
2008-01-28 Mansueto Joseph D (Chairman & CEO) Sale 8,000 62.35 498,800
2008-01-25 Boruff Christopher P (President, Advisor Business) Option Ex 8,469 2.77 23,459
2008-01-24 Mansueto Joseph D (Chairman & CEO) Sale 16,000 63.42 1,014,924
2008-01-24 Phillips Donald James Ii (Managing Director) Sale 15,000 63.68 954,852
2008-01-24 Phillips Donald James Ii (Managing Director) Option Ex 15,000 2.77 41,550
2008-01-23 Mansueto Joseph D (Chairman & CEO) Sale 8,000 60.07 480,560
2008-01-22 Mansueto Joseph D (Chairman & CEO) Sale 2,066 61.95 127,988
2008-01-18 Phillips Donald James Ii (Managing Director) Sale 1,050 64.07 67,270
2008-01-18 Phillips Donald James Ii (Managing Director) Option Ex 1,050 2.77 2,908
2008-01-17 Phillips Donald James Ii (Managing Director) Sale 13,950 63.25 881,237
2008-01-17 Phillips Donald James Ii (Managing Director) Option Ex 13,950 2.77 38,641
2008-01-16 Mansueto Joseph D (Chairman & CEO) Sale 7,624 66.31 505,516
2008-01-16 Sturm Paul W (Director) Sale 5,000 65.52 327,605
2008-01-15 Mansueto Joseph D (Chairman & CEO) Sale 7,708 68.00 524,136
2008-01-14 Mansueto Joseph D (Chairman & CEO) Sale 15,000 68.00 1,019,939
2008-01-10 Mansueto Joseph D (Chairman & CEO) Sale 30,000 68.69 2,058,718
2008-01-10 Phillips Donald James Ii (Managing Director) Sale 15,000 68.33 1,022,293
2008-01-10 Phillips Donald James Ii (Managing Director) Option Ex 15,000 2.77 41,550
2008-01-10 Noonan Jack (Director) Sale 1,000 67.91 67,906
2008-01-10 Noonan Jack (Director) Option Ex 1,000 2.00 2,000
2008-01-09 Mansueto Joseph D (Chairman & CEO) Sale 1,500 69.97 104,948
2008-01-09 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 500 69.75 34,875
2008-01-09 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 500 14.13 7,065
2008-01-09 Armour Timothy K (Managing Director) Sale 26,250 69.10 1,806,716
2008-01-09 Francis Cheryl A (Director) Sale 500 70.00 35,000
2008-01-09 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-01-08 Mansueto Joseph D (Chairman & CEO) Sale 15,000 72.92 1,093,627
2008-01-08 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-01-07 Francis Cheryl A (Director) Sale 1,000 73.77 73,770
2008-01-07 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2008-01-04 Mansueto Joseph D (Chairman & CEO) Sale 207 75.65 15,659
2008-01-03 Mansueto Joseph D (Chairman & CEO) Sale 23,000 75.84 1,744,251
2008-01-03 Sturm Paul W (Director) Option Ex 60,000 2.00 120,000
2008-01-03 Phillips Donald James Ii (Managing Director) Sale 17,500 75.43 1,319,889
2008-01-03 Phillips Donald James Ii (Managing Director) Option Ex 17,500 2.77 48,475
2008-01-02 Mansueto Joseph D (Chairman & CEO) Sale 2,600 77.50 201,500
2008-01-02 Sturm Paul W (Director) Sale 5,000 75.96 379,784
2008-01-02 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 4,000 76.81 307,240
2008-01-02 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 4,000 14.13 56,520
2008-01-02 Desmond Bevin (President, Int'l Business) Sale 12,315 79.92 984,190
2007-12-27 Phillips Donald James Ii (Managing Director) Sale 17,477 78.84 1,379,852
2007-12-27 Phillips Donald James Ii (Managing Director) Option Ex 17,500 2.77 48,475
2007-12-26 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 2,000 80.03 160,064
2007-12-26 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 2,000 14.13 28,260
2007-12-21 Williams David W (Managing Director, Design) Option Ex 13,700 2.00 27,400
2007-12-20 Phillips Donald James Ii (Managing Director) Sale 17,500 75.01 1,312,009
2007-12-20 Phillips Donald James Ii (Managing Director) Option Ex 17,500 2.77 48,475
2007-12-20 Desmond Bevin (President, Int'l Business) Option Ex 13,680 2.00 27,360
2007-12-20 Armour Timothy K (Managing Director) Sale 14,437 75.01 1,081,744
2007-12-20 Armour Timothy K (Managing Director) Option Ex 148,747 8.37 555,348
2007-12-19 Sturm Paul W (Director) Sale 5,000 74.88 374,400
2007-12-19 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 2,000 75.14 150,284
2007-12-19 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 2,000 14.13 28,260
2007-12-19 Armour Timothy K (Managing Director) Sale 28,700 74.75 2,148,435
2007-12-19 Armour Timothy K (Managing Director) Option Ex 28,700 14.13 405,531
2007-12-18 Odelbo Catherine Gillis (President, Individual Business) Sale 15,000 74.30 1,114,500
2007-12-18 Odelbo Catherine Gillis (President, Individual Business) Option Ex 25,000 11.35 283,750
2007-12-18 Armour Timothy K (Managing Director) Sale 37,700 75.46 2,825,092
2007-12-18 Armour Timothy K (Managing Director) Option Ex 37,700 14.13 532,701
2007-12-17 Armour Timothy K (Managing Director) Sale 30,000 75.31 2,258,573
2007-12-17 Armour Timothy K (Managing Director) Option Ex 30,000 14.13 423,900
2007-12-14 Armour Timothy K (Managing Director) Sale 27,063 77.56 2,100,667
2007-12-14 Armour Timothy K (Managing Director) Option Ex 27,063 14.13 382,400
2007-12-13 Phillips Donald James Ii (Managing Director) Sale 17,500 78.25 1,364,919
2007-12-13 Phillips Donald James Ii (Managing Director) Option Ex 17,500 2.77 48,475
2007-12-13 Armour Timothy K (Managing Director) Sale 27,100 77.91 2,113,634
2007-12-13 Armour Timothy K (Managing Director) Option Ex 27,100 11.22 303,953
2007-12-12 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 2,000 82.56 165,120
2007-12-12 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 2,000 14.13 28,260
2007-12-10 Huang Tao (Chief Operating Officer) Option Ex 22,500 10.98 247,050
2007-12-10 Noonan Jack (Director) Sale 4,000 80.78 323,116
2007-12-10 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-12-06 Phillips Donald James Ii (Managing Director) Sale 17,500 80.15 1,400,567
2007-12-06 Phillips Donald James Ii (Managing Director) Option Ex 17,500 2.77 48,475
2007-12-05 Sturm Paul W (Director) Sale 5,000 79.85 399,250
2007-12-05 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 2,000 80.43 160,864
2007-12-05 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 2,000 14.13 28,260
2007-11-29 Huang Tao (Chief Operating Officer) Sale 21,427 76.01 1,624,294
2007-11-29 Huang Tao (Chief Operating Officer) Option Ex 21,427 18.62 399,056
2007-11-28 Huang Tao (Chief Operating Officer) Sale 47,600 75.44 3,577,745
2007-11-28 Huang Tao (Chief Operating Officer) Option Ex 47,600 16.65 792,492
2007-11-28 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 2,000 74.19 148,382
2007-11-28 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 2,000 14.13 28,260
2007-11-23 Phillips Donald James Ii (Managing Director) Sale 17,500 71.77 1,256,556
2007-11-23 Phillips Donald James Ii (Managing Director) Option Ex 17,500 2.77 48,475
2007-11-21 Sturm Paul W (Director) Sale 5,000 71.85 359,235
2007-11-21 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 2,000 73.19 146,382
2007-11-21 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 2,000 14.13 28,260
2007-11-19 Phillips Donald James Ii (Managing Director) Sale 2,000 72.11 144,226
2007-11-19 Phillips Donald James Ii (Managing Director) Option Ex 2,000 2.77 5,540
2007-11-16 Phillips Donald James Ii (Managing Director) Sale 500 72.00 36,000
2007-11-16 Phillips Donald James Ii (Managing Director) Option Ex 500 2.77 1,385
2007-11-15 Kaplan Steven N (Director) Sale 7,999 70.08 561,307
2007-11-15 Kaplan Steven N (Director) Option Ex 13,999 18.59 260,269
2007-11-15 Phillips Donald James Ii (Managing Director) Sale 15,003 70.12 1,052,330
2007-11-15 Phillips Donald James Ii (Managing Director) Option Ex 15,000 2.77 41,550
2007-11-14 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 2,000 70.86 141,724
2007-11-14 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 2,000 14.13 28,260
2007-11-13 Mansueto Joseph D (Chairman & CEO) Sale 21,428 70.05 1,500,019
2007-11-12 Mansueto Joseph D (Chairman & CEO) Sale 11,717 69.69 816,522
2007-11-12 Noonan Jack (Director) Sale 4,000 69.00 276,016
2007-11-12 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-11-08 Phillips Donald James Ii (Managing Director) Sale 6,093 73.80 449,669
2007-11-07 Mansueto Joseph D (Chairman & CEO) Sale 5,663 74.92 424,346
2007-11-07 Huang Tao (Chief Operating Officer) Sale 1,399 75.05 104,999
2007-11-07 Huang Tao (Chief Operating Officer) Option Ex 1,399 16.61 23,237
2007-11-07 Sturm Paul W (Director) Sale 5,000 74.15 370,770
2007-11-07 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 2,000 74.55 149,106
2007-11-07 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 2,000 14.13 28,260
2007-11-06 Mansueto Joseph D (Chairman & CEO) Sale 30,000 73.73 2,211,176
2007-11-06 Huang Tao (Chief Operating Officer) Sale 2,100 75.01 157,527
2007-11-06 Huang Tao (Chief Operating Officer) Option Ex 2,100 16.61 34,876
2007-11-06 Phillips Donald James Ii (Managing Director) Option Ex 25,065 2.77 69,430
2007-11-05 Mansueto Joseph D (Chairman & CEO) Sale 14,078 73.65 1,036,844
2007-11-01 Huang Tao (Chief Operating Officer) Sale 12,787 72.83 923,259
2007-11-01 Huang Tao (Chief Operating Officer) Option Ex 12,787 16.60 212,251
2007-11-01 Phillips Donald James Ii (Managing Director) Sale 17,500 71.62 1,261,273

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.