Insider Trading activities of Morningstar, Inc. insiders. , Part 15

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 15
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
2007-07-23 Williams David W (Managing Director, Design) Sale 1,672 49.84 83,332
2007-07-23 Williams David W (Managing Director, Design) Option Ex 1,672 20.27 33,893
2007-07-23 Francis Cheryl A (Director) Sale 500 49.66 24,830
2007-07-23 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-07-20 Williams David W (Managing Director, Design) Sale 700 49.25 34,475
2007-07-20 Williams David W (Managing Director, Design) Option Ex 700 18.50 12,950
2007-07-20 Francis Cheryl A (Director) Sale 500 49.25 24,625
2007-07-20 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-07-19 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,300 50.05 65,071
2007-07-19 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 31,300 8.45 101,469
2007-07-19 Williams David W (Managing Director, Design) Sale 1,715 49.61 85,086
2007-07-19 Williams David W (Managing Director, Design) Option Ex 1,715 18.50 31,727
2007-07-19 Francis Cheryl A (Director) Sale 500 49.00 24,500
2007-07-19 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-07-18 Sturm Paul W (Director) Sale 5,000 48.27 241,350
2007-07-18 Williams David W (Managing Director, Design) Sale 700 48.65 34,055
2007-07-18 Williams David W (Managing Director, Design) Option Ex 700 18.50 12,950
2007-07-17 Mansueto Joseph D (Chairman & CEO) Sale 15,000 48.84 732,446
2007-07-17 Williams David W (Managing Director, Design) Sale 700 48.06 33,642
2007-07-17 Williams David W (Managing Director, Design) Option Ex 700 18.50 12,950
2007-07-17 Francis Cheryl A (Director) Sale 500 49.00 24,500
2007-07-17 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-07-16 Mansueto Joseph D (Chairman & CEO) Sale 4,800 48.14 231,081
2007-07-16 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 48.03 48,032
2007-07-16 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-07-16 Williams David W (Managing Director, Design) Sale 700 48.03 33,622
2007-07-16 Williams David W (Managing Director, Design) Option Ex 700 18.50 12,950
2007-07-13 Williams David W (Managing Director, Design) Sale 700 47.73 33,411
2007-07-13 Williams David W (Managing Director, Design) Option Ex 700 13.54 9,474
2007-07-12 Williams David W (Managing Director, Design) Sale 700 47.10 32,970
2007-07-12 Williams David W (Managing Director, Design) Option Ex 700 8.57 5,999
2007-07-11 Mansueto Joseph D (Chairman & CEO) Sale 20,300 46.84 950,787
2007-07-11 Williams David W (Managing Director, Design) Sale 700 46.50 32,550
2007-07-11 Williams David W (Managing Director, Design) Option Ex 700 8.57 5,999
2007-07-10 Mansueto Joseph D (Chairman & CEO) Sale 9,387 46.83 439,602
2007-07-10 Phillips Donald James Ii (Managing Director) Sale 10,000 46.69 466,890
2007-07-10 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-07-10 Boudos Martha Dustin (Chief Financial Officer) Option Ex 8,095 9.34 75,591
2007-07-10 Williams David W (Managing Director, Design) Sale 700 46.70 32,690
2007-07-10 Williams David W (Managing Director, Design) Option Ex 700 8.57 5,999
2007-07-10 Noonan Jack (Director) Sale 4,000 46.69 186,756
2007-07-10 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-07-09 Mansueto Joseph D (Chairman & CEO) Sale 4,000 47.52 190,088
2007-07-09 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 47.62 47,625
2007-07-09 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-07-09 Williams David W (Managing Director, Design) Sale 700 47.62 33,337
2007-07-09 Williams David W (Managing Director, Design) Option Ex 700 11.35 7,945
2007-07-06 Williams David W (Managing Director, Design) Sale 700 46.88 32,816
2007-07-06 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-07-05 Mansueto Joseph D (Chairman & CEO) Sale 15,000 46.84 702,555
2007-07-05 Sturm Paul W (Director) Sale 5,000 46.80 234,000
2007-07-05 Williams David W (Managing Director, Design) Sale 700 46.89 32,823
2007-07-05 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-07-03 Mansueto Joseph D (Chairman & CEO) Sale 7,226 46.92 339,072
2007-07-03 Williams David W (Managing Director, Design) Sale 700 46.83 32,781
2007-07-03 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-07-02 Mansueto Joseph D (Chairman & CEO) Sale 14,815 46.94 695,249
2007-07-02 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 46.82 46,824
2007-07-02 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-07-02 Williams David W (Managing Director, Design) Sale 700 46.82 32,776
2007-07-02 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-29 Williams David W (Managing Director, Design) Sale 700 48.00 33,600
2007-06-29 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-28 Williams David W (Managing Director, Design) Sale 700 46.72 32,704
2007-06-28 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-27 Mansueto Joseph D (Chairman & CEO) Sale 16,760 46.83 784,924
2007-06-27 Williams David W (Managing Director, Design) Sale 700 46.70 32,690
2007-06-27 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-26 Mansueto Joseph D (Chairman & CEO) Sale 11,200 46.73 523,407
2007-06-26 Williams David W (Managing Director, Design) Sale 700 46.83 32,781
2007-06-26 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-25 Mansueto Joseph D (Chairman & CEO) Sale 5,178 46.88 242,734
2007-06-25 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 46.61 46,608
2007-06-25 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-06-25 Phillips Donald James Ii (Managing Director) Sale 10,000 46.66 466,550
2007-06-25 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-06-25 Williams David W (Managing Director, Design) Sale 700 46.61 32,625
2007-06-25 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-22 Williams David W (Managing Director, Design) Sale 700 47.03 32,921
2007-06-22 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-21 Williams David W (Managing Director, Design) Sale 700 47.38 33,166
2007-06-21 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-20 Mansueto Joseph D (Chairman & CEO) Sale 15,000 48.45 726,705
2007-06-20 Sturm Paul W (Director) Sale 5,000 48.13 240,650
2007-06-20 Williams David W (Managing Director, Design) Sale 700 48.20 33,740
2007-06-20 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-19 Mansueto Joseph D (Chairman & CEO) Sale 6,400 48.42 309,875
2007-06-19 Williams David W (Managing Director, Design) Sale 700 48.19 33,733
2007-06-19 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-18 Mansueto Joseph D (Chairman & CEO) Sale 500 48.80 24,398
2007-06-18 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 47.93 47,930
2007-06-18 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-06-18 Williams David W (Managing Director, Design) Sale 700 47.93 33,551
2007-06-18 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-18 Francis Cheryl A (Director) Sale 231 49.00 11,319
2007-06-18 Francis Cheryl A (Director) Option Ex 231 8.57 1,979
2007-06-15 Phillips Donald James Ii (Managing Director) Option Ex 25,000 2.77 69,250
2007-06-15 Williams David W (Managing Director, Design) Sale 700 48.23 33,761
2007-06-15 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-15 Francis Cheryl A (Director) Sale 500 49.00 24,500
2007-06-15 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-06-14 Williams David W (Managing Director, Design) Sale 700 47.44 33,208
2007-06-14 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-13 Mansueto Joseph D (Chairman & CEO) Sale 15,000 47.07 706,252
2007-06-13 Williams David W (Managing Director, Design) Sale 700 47.04 32,928
2007-06-13 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-12 Mansueto Joseph D (Chairman & CEO) Sale 800 47.35 37,880
2007-06-12 Williams David W (Managing Director, Design) Sale 700 47.35 33,145
2007-06-12 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-11 Mansueto Joseph D (Chairman & CEO) Sale 25,000 47.26 1,181,651
2007-06-11 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 47.17 47,167
2007-06-11 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-06-11 Phillips Donald James Ii (Managing Director) Sale 10,000 47.32 472,106
2007-06-11 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-06-11 Williams David W (Managing Director, Design) Sale 700 47.17 33,016
2007-06-11 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-11 Noonan Jack (Director) Sale 4,000 47.31 188,872
2007-06-11 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-06-08 Williams David W (Managing Director, Design) Sale 700 46.68 32,676
2007-06-08 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-07 Williams David W (Managing Director, Design) Sale 700 46.58 32,606
2007-06-07 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-06 Sturm Paul W (Director) Sale 5,000 46.66 233,325
2007-06-06 Williams David W (Managing Director, Design) Sale 700 47.01 32,907
2007-06-06 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-05 Mansueto Joseph D (Chairman & CEO) Sale 10,108 47.55 480,594
2007-06-05 Williams David W (Managing Director, Design) Sale 700 47.51 33,257
2007-06-05 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-04 Mansueto Joseph D (Chairman & CEO) Sale 6,225 47.82 297,667
2007-06-04 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 47.53 47,530
2007-06-04 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-06-04 Williams David W (Managing Director, Design) Sale 700 47.53 33,271
2007-06-04 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-06-01 Williams David W (Managing Director, Design) Sale 700 47.92 33,544
2007-06-01 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-31 Mansueto Joseph D (Chairman & CEO) Sale 15,000 47.47 711,388
2007-05-31 Williams David W (Managing Director, Design) Sale 700 47.28 33,096
2007-05-31 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-30 Mansueto Joseph D (Chairman & CEO) Sale 15,000 46.81 702,150
2007-05-29 Mansueto Joseph D (Chairman & CEO) Sale 25,000 47.02 1,174,830
2007-05-29 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 47.17 47,174
2007-05-29 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-05-25 Phillips Donald James Ii (Managing Director) Sale 9,600 46.96 450,825
2007-05-25 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-05-25 Williams David W (Managing Director, Design) Sale 700 46.76 32,732
2007-05-25 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-25 Boruff Christopher P (President, Advisor Business) Option Ex 10,001 2.00 20,002
2007-05-24 Williams David W (Managing Director, Design) Sale 700 47.57 33,299
2007-05-24 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-23 Mansueto Joseph D (Chairman & CEO) Sale 8,300 48.01 398,449

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.