Insider Trading activities of Morningstar, Inc. insiders. , Part 16

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 16
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
2007-05-22 Williams David W (Managing Director, Design) Sale 700 48.56 33,992
2007-05-22 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-21 Mansueto Joseph D (Chairman & CEO) Sale 10,963 48.09 527,199
2007-05-21 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 48.00 48,000
2007-05-21 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-05-21 Williams David W (Managing Director, Design) Sale 700 48.00 33,600
2007-05-21 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-18 Williams David W (Managing Director, Design) Sale 700 48.03 33,624
2007-05-18 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-17 Williams David W (Managing Director, Design) Sale 700 48.16 33,712
2007-05-17 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-16 Mansueto Joseph D (Chairman & CEO) Sale 33,767 48.44 1,635,707
2007-05-16 Huang Tao (Chief Operating Officer) Option Ex 2,000 10.98 21,960
2007-05-16 Williams David W (Managing Director, Design) Sale 700 48.61 34,028
2007-05-16 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-15 Mansueto Joseph D (Chairman & CEO) Sale 10,476 49.25 515,911
2007-05-15 Williams David W (Managing Director, Design) Sale 700 49.12 34,380
2007-05-15 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-15 Francis Cheryl A (Director) Sale 500 49.25 24,625
2007-05-15 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-14 Mansueto Joseph D (Chairman & CEO) Sale 23,238 49.13 1,141,613
2007-05-14 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,000 48.48 48,478
2007-05-14 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,000 14.13 14,130
2007-05-14 Williams David W (Managing Director, Design) Sale 700 48.47 33,929
2007-05-14 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-14 Francis Cheryl A (Director) Sale 500 49.00 24,500
2007-05-14 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-11 Williams David W (Managing Director, Design) Sale 700 48.03 33,621
2007-05-11 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-11 Francis Cheryl A (Director) Sale 500 49.00 24,500
2007-05-11 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-10 Phillips Donald James Ii (Managing Director) Sale 10,000 48.58 485,810
2007-05-10 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-05-10 Williams David W (Managing Director, Design) Sale 700 49.22 34,451
2007-05-10 Williams David W (Managing Director, Design) Option Ex 700 14.13 9,891
2007-05-10 Noonan Jack (Director) Sale 4,000 48.58 194,324
2007-05-10 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-05-10 Francis Cheryl A (Director) Sale 500 49.78 24,890
2007-05-10 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-09 Sturm Paul W (Director) Sale 5,000 49.83 249,170
2007-05-09 Williams David W (Managing Director, Design) Sale 936 49.65 46,475
2007-05-09 Williams David W (Managing Director, Design) Option Ex 936 14.13 13,225
2007-05-09 Francis Cheryl A (Director) Sale 500 49.41 24,705
2007-05-09 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-08 Williams David W (Managing Director, Design) Sale 1,000 50.28 50,282
2007-05-08 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-05-08 Francis Cheryl A (Director) Sale 500 50.28 25,141
2007-05-08 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-07 Mansueto Joseph D (Chairman & CEO) Sale 1,185 51.37 60,874
2007-05-07 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,500 51.12 76,681
2007-05-07 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,500 14.13 21,195
2007-05-07 Williams David W (Managing Director, Design) Sale 1,000 51.12 51,121
2007-05-07 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-05-07 Francis Cheryl A (Director) Sale 500 51.12 25,560
2007-05-07 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-04 Mansueto Joseph D (Chairman & CEO) Sale 10,000 51.14 511,370
2007-05-04 Williams David W (Managing Director, Design) Sale 1,000 51.07 51,067
2007-05-04 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-05-04 Francis Cheryl A (Director) Sale 500 51.07 25,533
2007-05-04 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-03 Boudos Martha Dustin (Chief Financial Officer) Sale 42,798 50.89 2,177,990
2007-05-03 Boudos Martha Dustin (Chief Financial Officer) Option Ex 42,798 10.95 468,638
2007-05-03 Williams David W (Managing Director, Design) Sale 1,000 50.50 50,501
2007-05-03 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-05-03 Francis Cheryl A (Director) Sale 500 50.21 25,107
2007-05-03 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-02 Boudos Martha Dustin (Chief Financial Officer) Sale 11,695 52.27 611,297
2007-05-02 Boudos Martha Dustin (Chief Financial Officer) Option Ex 11,695 12.54 146,655
2007-05-02 Williams David W (Managing Director, Design) Sale 1,000 51.81 51,809
2007-05-02 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-05-02 Francis Cheryl A (Director) Sale 500 51.81 25,904
2007-05-02 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-05-01 Boudos Martha Dustin (Chief Financial Officer) Sale 9,582 52.05 497,476
2007-05-01 Boudos Martha Dustin (Chief Financial Officer) Option Ex 9,582 14.13 135,393
2007-05-01 Williams David W (Managing Director, Design) Sale 1,000 52.03 52,032
2007-05-01 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-05-01 Francis Cheryl A (Director) Sale 500 52.03 26,016
2007-05-01 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-04-30 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,500 52.82 79,224
2007-04-30 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,500 14.13 21,195
2007-04-30 Boudos Martha Dustin (Chief Financial Officer) Sale 11,298 52.76 594,315
2007-04-30 Boudos Martha Dustin (Chief Financial Officer) Option Ex 12,798 16.32 208,799
2007-04-30 Williams David W (Managing Director, Design) Sale 1,000 52.82 52,816
2007-04-30 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-04-30 Francis Cheryl A (Director) Sale 500 52.82 26,408
2007-04-30 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-04-27 Boudos Martha Dustin (Chief Financial Officer) Sale 8,577 53.41 456,488
2007-04-27 Boudos Martha Dustin (Chief Financial Officer) Option Ex 8,577 16.32 139,933
2007-04-27 Williams David W (Managing Director, Design) Sale 1,000 53.25 53,250
2007-04-27 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-04-27 Francis Cheryl A (Director) Sale 500 53.25 26,625
2007-04-27 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-04-26 Phillips Donald James Ii (Managing Director) Sale 4,900 53.20 260,066
2007-04-26 Phillips Donald James Ii (Managing Director) Option Ex 4,900 2.77 13,573
2007-04-26 Boudos Martha Dustin (Chief Financial Officer) Sale 14,089 53.22 748,037
2007-04-26 Boudos Martha Dustin (Chief Financial Officer) Option Ex 14,089 14.13 199,077
2007-04-26 Williams David W (Managing Director, Design) Sale 1,000 53.08 53,082
2007-04-26 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-04-26 Francis Cheryl A (Director) Sale 500 53.08 26,541
2007-04-26 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-04-25 Sturm Paul W (Director) Sale 5,000 53.17 265,845
2007-04-25 Phillips Donald James Ii (Managing Director) Sale 5,100 53.17 271,161
2007-04-25 Phillips Donald James Ii (Managing Director) Option Ex 5,100 2.77 14,127
2007-04-25 Boudos Martha Dustin (Chief Financial Officer) Sale 5,437 53.20 289,237
2007-04-25 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,437 14.13 76,824
2007-04-25 Williams David W (Managing Director, Design) Sale 1,000 53.17 53,168
2007-04-25 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-04-25 Francis Cheryl A (Director) Sale 500 53.17 26,584
2007-04-25 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-04-24 Boudos Martha Dustin (Chief Financial Officer) Sale 7,662 53.22 407,794
2007-04-24 Boudos Martha Dustin (Chief Financial Officer) Option Ex 7,662 14.13 108,264
2007-04-24 Williams David W (Managing Director, Design) Sale 1,000 53.19 53,186
2007-04-24 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-04-24 Boruff Christopher P (President, Advisor Business) Sale 5,300 53.20 281,986
2007-04-24 Boruff Christopher P (President, Advisor Business) Option Ex 5,300 14.13 74,889
2007-04-24 Francis Cheryl A (Director) Sale 500 53.19 26,593
2007-04-24 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-04-23 Rekenthaler John A (VP, Research & New Prod. Dev.) Sale 1,500 53.54 80,313
2007-04-23 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 1,500 14.13 21,195
2007-04-23 Boudos Martha Dustin (Chief Financial Officer) Sale 4,862 53.84 261,750
2007-04-23 Boudos Martha Dustin (Chief Financial Officer) Option Ex 4,862 14.13 68,700
2007-04-23 Williams David W (Managing Director, Design) Sale 1,000 53.54 53,542
2007-04-23 Williams David W (Managing Director, Design) Option Ex 1,000 14.13 14,130
2007-04-23 Desmond Bevin (President, Int'l Business) Sale 3,900 53.88 210,139
2007-04-23 Boruff Christopher P (President, Advisor Business) Sale 4,700 53.88 253,245
2007-04-23 Boruff Christopher P (President, Advisor Business) Option Ex 4,700 14.13 66,411
2007-04-23 Francis Cheryl A (Director) Sale 500 53.54 26,771
2007-04-23 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2007-04-10 Phillips Donald James Ii (Managing Director) Sale 10,400 49.45 535,920
2007-04-10 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-04-10 Noonan Jack (Director) Sale 4,000 51.85 206,838
2007-04-10 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-04-03 Rekenthaler John A (VP, Research & New Prod. Dev.) Option Ex 30,000 2.77 83,100
2007-03-26 Phillips Donald James Ii (Managing Director) Sale 20,000 52.06 1,039,124
2007-03-26 Phillips Donald James Ii (Managing Director) Option Ex 20,000 2.77 55,400
2007-03-21 Phillips Donald James Ii (Managing Director) Option Ex 31,426 2.38 74,951
2007-03-12 Phillips Donald James Ii (Managing Director) Sale 10,000 50.56 504,136
2007-03-12 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-03-12 Noonan Jack (Director) Sale 4,000 50.56 201,653
2007-03-12 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-02-26 Phillips Donald James Ii (Managing Director) Sale 10,000 53.91 537,083
2007-02-26 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-02-12 Phillips Donald James Ii (Managing Director) Sale 10,000 45.36 453,299
2007-02-12 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-02-12 Noonan Jack (Director) Sale 4,000 45.36 181,319
2007-02-12 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-01-25 Phillips Donald James Ii (Managing Director) Sale 10,000 45.42 452,346
2007-01-25 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2007-01-10 Phillips Donald James Ii (Managing Director) Sale 10,000 45.38 453,461
2007-01-10 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700

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.