Insider Trading activities of Morningstar, Inc. insiders. , Part 17

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 17
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
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
2007-01-10 Noonan Jack (Director) Sale 4,000 45.38 181,384
2007-01-10 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2007-01-04 Huang Tao (Chief Operating Officer) Sale 4,800 45.49 217,701
2007-01-04 Huang Tao (Chief Operating Officer) Option Ex 4,800 8.57 41,136
2007-01-03 Huang Tao (Chief Operating Officer) Sale 5,200 45.19 234,993
2007-01-03 Huang Tao (Chief Operating Officer) Option Ex 5,200 8.57 44,564
2006-12-29 Mansueto Joseph D (Chairman & CEO) Sale 15,597 45.32 707,787
2006-12-28 Mansueto Joseph D (Chairman & CEO) Sale 18,218 45.34 825,949
2006-12-28 Reinkemeyer Patrick J (President, Morningstar Assocs.) Option Ex 1,000 2.00 2,000
2006-12-28 Boruff Christopher P (President, Advisor Business) Option Ex 8,735 9.76 85,253
2006-12-27 Mansueto Joseph D (Chairman & CEO) Sale 20,000 45.24 904,819
2006-12-26 Mansueto Joseph D (Chairman & CEO) Sale 29,351 45.19 1,326,454
2006-12-26 Huang Tao (Chief Operating Officer) Option Ex 86,646 5.98 517,883
2006-12-26 Phillips Donald James Ii (Managing Director) Sale 10,000 45.20 451,239
2006-12-26 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-12-22 Mansueto Joseph D (Chairman & CEO) Sale 27,300 45.05 1,229,981
2006-12-21 Mansueto Joseph D (Chairman & CEO) Sale 8,400 45.18 379,537
2006-12-20 Mansueto Joseph D (Chairman & CEO) Sale 9,031 45.42 409,135
2006-12-19 Mansueto Joseph D (Chairman & CEO) Sale 19,376 45.30 876,684
2006-12-19 Boudos Martha Dustin (Chief Financial Officer) Option Ex 8,000 2.77 22,160
2006-12-18 Mansueto Joseph D (Chairman & CEO) Sale 4,500 45.43 204,444
2006-12-18 Phillips Donald James Ii (Managing Director) Option Ex 19,000 2.77 52,630
2006-12-13 Mansueto Joseph D (Chairman & CEO) Sale 10,200 45.33 462,093
2006-12-12 Mansueto Joseph D (Chairman & CEO) Sale 10,180 45.02 458,344
2006-12-11 Mansueto Joseph D (Chairman & CEO) Sale 736 45.31 33,348
2006-12-11 Phillips Donald James Ii (Managing Director) Sale 10,000 45.07 449,831
2006-12-11 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-12-11 Noonan Jack (Director) Sale 4,000 45.06 179,922
2006-12-11 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2006-12-08 Desmond Bevin (President, Int'l Business) Option Ex 11,625 2.00 23,250
2006-12-06 Mansueto Joseph D (Chairman & CEO) Sale 5,955 46.01 273,964
2006-12-05 Mansueto Joseph D (Chairman & CEO) Sale 5,823 45.73 266,272
2006-12-04 Mansueto Joseph D (Chairman & CEO) Sale 8,446 45.22 381,769
2006-12-04 Huang Tao (Chief Operating Officer) Sale 5,497 45.19 248,409
2006-12-04 Huang Tao (Chief Operating Officer) Option Ex 5,497 8.57 47,109
2006-12-01 Huang Tao (Chief Operating Officer) Sale 4,503 45.00 202,635
2006-12-01 Huang Tao (Chief Operating Officer) Option Ex 4,503 8.57 38,590
2006-11-29 Mansueto Joseph D (Chairman & CEO) Sale 10,100 44.08 445,173
2006-11-28 Mansueto Joseph D (Chairman & CEO) Sale 996 44.45 44,274
2006-11-27 Mansueto Joseph D (Chairman & CEO) Sale 400 46.52 18,606
2006-11-27 Phillips Donald James Ii (Managing Director) Sale 10,000 45.17 449,920
2006-11-27 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-11-22 Mansueto Joseph D (Chairman & CEO) Sale 30,200 45.68 1,420,420
2006-11-22 Desmond Bevin (President, Int'l Business) Sale 3,986 47.11 187,796
2006-11-22 Desmond Bevin (President, Int'l Business) Option Ex 3,986 14.13 56,322
2006-11-21 Mansueto Joseph D (Chairman & CEO) Sale 25,000 46.95 1,174,215
2006-11-21 Desmond Bevin (President, Int'l Business) Sale 18,456 47.06 868,594
2006-11-21 Desmond Bevin (President, Int'l Business) Option Ex 18,456 14.13 260,783
2006-11-20 Mansueto Joseph D (Chairman & CEO) Sale 19,500 46.46 905,343
2006-11-20 Desmond Bevin (President, Int'l Business) Sale 1,544 47.00 72,568
2006-11-20 Desmond Bevin (President, Int'l Business) Option Ex 1,544 14.13 21,816
2006-11-17 Mansueto Joseph D (Chairman & CEO) Sale 4,400 45.66 200,903
2006-11-16 Mansueto Joseph D (Chairman & CEO) Sale 6,407 45.69 292,703
2006-11-15 Mansueto Joseph D (Chairman & CEO) Sale 9,714 45.50 442,090
2006-11-14 Kaplan Steven N (Director) Sale 9,000 45.30 406,522
2006-11-14 Kaplan Steven N (Director) Option Ex 14,000 6.88 96,250
2006-11-10 Phillips Donald James Ii (Managing Director) Sale 10,000 45.07 449,921
2006-11-10 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-11-10 Noonan Jack (Director) Sale 4,000 45.07 179,968
2006-11-10 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2006-11-08 Huang Tao (Chief Operating Officer) Sale 11,259 45.23 508,664
2006-11-08 Huang Tao (Chief Operating Officer) Option Ex 11,259 8.57 96,489
2006-11-08 Desmond Bevin (President, Int'l Business) Sale 7,191 45.23 324,898
2006-11-08 Desmond Bevin (President, Int'l Business) Option Ex 7,191 12.54 90,175
2006-11-07 Huang Tao (Chief Operating Officer) Sale 13,230 45.04 595,932
2006-11-07 Huang Tao (Chief Operating Officer) Option Ex 13,230 9.76 129,124
2006-11-07 Desmond Bevin (President, Int'l Business) Sale 7,870 45.04 354,496
2006-11-07 Desmond Bevin (President, Int'l Business) Option Ex 7,870 10.95 86,176
2006-11-06 Huang Tao (Chief Operating Officer) Sale 24,711 45.36 1,119,583
2006-11-06 Huang Tao (Chief Operating Officer) Option Ex 24,711 15.32 378,572
2006-11-06 Desmond Bevin (President, Int'l Business) Sale 15,197 45.40 688,361
2006-11-06 Desmond Bevin (President, Int'l Business) Option Ex 15,197 13.07 198,624
2006-11-03 Huang Tao (Chief Operating Officer) Sale 800 45.06 36,045
2006-11-03 Huang Tao (Chief Operating Officer) Option Ex 800 19.68 15,747
2006-11-03 Desmond Bevin (President, Int'l Business) Sale 492 45.06 22,168
2006-11-03 Desmond Bevin (President, Int'l Business) Option Ex 492 19.68 9,684
2006-11-03 Francis Cheryl A (Director) Sale 5,500 44.71 245,888
2006-11-03 Francis Cheryl A (Director) Option Ex 5,500 8.57 47,135
2006-11-02 Francis Cheryl A (Director) Sale 500 41.51 20,755
2006-11-02 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-11-01 Francis Cheryl A (Director) Sale 500 40.67 20,335
2006-11-01 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-31 Francis Cheryl A (Director) Sale 500 41.97 20,985
2006-10-31 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-30 Boudos Martha Dustin (Chief Financial Officer) Sale 5,699 41.82 237,949
2006-10-30 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,699 8.57 48,840
2006-10-30 Francis Cheryl A (Director) Sale 500 42.20 21,100
2006-10-30 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-27 Francis Cheryl A (Director) Sale 500 42.92 21,460
2006-10-27 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-26 Francis Cheryl A (Director) Sale 500 42.52 21,260
2006-10-26 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-25 Phillips Donald James Ii (Managing Director) Sale 10,000 42.45 424,496
2006-10-25 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-10-25 Francis Cheryl A (Director) Sale 500 42.18 21,090
2006-10-25 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-24 Francis Cheryl A (Director) Sale 500 42.19 21,095
2006-10-24 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-23 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 42.58 241,186
2006-10-23 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-10-23 Boruff Christopher P (President, Advisor Business) Option Ex 3,334 2.00 6,668
2006-10-23 Francis Cheryl A (Director) Sale 500 41.70 20,850
2006-10-23 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-20 Francis Cheryl A (Director) Sale 500 42.50 21,250
2006-10-20 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-19 Francis Cheryl A (Director) Sale 500 41.58 20,790
2006-10-19 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-18 Boruff Christopher P (President, Advisor Business) Sale 2,751 41.59 114,427
2006-10-18 Boruff Christopher P (President, Advisor Business) Option Ex 2,751 14.13 38,871
2006-10-18 Francis Cheryl A (Director) Sale 500 41.11 20,555
2006-10-18 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-17 Boruff Christopher P (President, Advisor Business) Sale 6,405 41.07 263,059
2006-10-17 Boruff Christopher P (President, Advisor Business) Option Ex 6,405 14.13 90,502
2006-10-17 Francis Cheryl A (Director) Sale 500 41.25 20,625
2006-10-17 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-16 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 41.41 234,348
2006-10-16 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-10-16 Boruff Christopher P (President, Advisor Business) Sale 11,000 41.39 453,993
2006-10-16 Boruff Christopher P (President, Advisor Business) Option Ex 11,000 14.13 155,430
2006-10-16 Francis Cheryl A (Director) Sale 500 41.26 20,630
2006-10-16 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-13 Kaplan Steven N (Director) Sale 7,000 40.99 286,916
2006-10-13 Kaplan Steven N (Director) Option Ex 14,000 2.38 33,390
2006-10-13 Boruff Christopher P (President, Advisor Business) Sale 9,700 41.06 398,330
2006-10-13 Boruff Christopher P (President, Advisor Business) Option Ex 9,700 14.13 137,061
2006-10-13 Francis Cheryl A (Director) Sale 500 41.08 20,540
2006-10-13 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-12 Boruff Christopher P (President, Advisor Business) Sale 17,900 41.09 735,475
2006-10-12 Boruff Christopher P (President, Advisor Business) Option Ex 17,900 14.13 252,927
2006-10-12 Francis Cheryl A (Director) Sale 500 40.95 20,475
2006-10-12 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-11 Boruff Christopher P (President, Advisor Business) Sale 100 41.00 4,100
2006-10-11 Boruff Christopher P (President, Advisor Business) Option Ex 100 14.13 1,413
2006-10-11 Francis Cheryl A (Director) Sale 500 40.63 20,315
2006-10-11 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-10 Phillips Donald James Ii (Managing Director) Sale 10,000 40.72 406,334
2006-10-10 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-10-10 Noonan Jack (Director) Sale 4,000 40.72 162,533
2006-10-10 Noonan Jack (Director) Option Ex 4,000 2.00 8,000
2006-10-10 Francis Cheryl A (Director) Sale 500 40.45 20,225
2006-10-10 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-10-09 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 40.15 227,475
2006-10-09 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-10-09 Williams David W (Managing Director, Design) Sale 13,750 40.14 551,925
2006-10-09 Williams David W (Managing Director, Design) Option Ex 13,750 14.13 194,287
2006-10-09 Boruff Christopher P (President, Advisor Business) Sale 6,197 41.00 254,077

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.