Insider Trading activities of Morningstar, Inc. insiders. , Part 18

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 18
  Trade Date   Insider Name Trade Type     Shares       Price ($)   Value ($)
2006-10-02 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-09-28 Mansueto Joseph D (Chairman & CEO) Sale 16,542 37.08 613,216
2006-09-27 Mansueto Joseph D (Chairman & CEO) Sale 13,000 37.10 482,247
2006-09-26 Mansueto Joseph D (Chairman & CEO) Sale 16,000 37.14 594,485
2006-09-26 Phillips Donald James Ii (Managing Director) Sale 5,000 37.25 185,976
2006-09-26 Phillips Donald James Ii (Managing Director) Option Ex 5,000 2.77 13,850
2006-09-25 Mansueto Joseph D (Chairman & CEO) Sale 13,737 36.63 502,989
2006-09-25 Phillips Donald James Ii (Managing Director) Sale 5,000 36.68 183,205
2006-09-25 Phillips Donald James Ii (Managing Director) Option Ex 5,000 2.77 13,850
2006-09-25 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 36.68 208,155
2006-09-25 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-09-22 Mansueto Joseph D (Chairman & CEO) Sale 200 36.69 7,338
2006-09-22 Boruff Christopher P (President, Advisor Business) Option Ex 3,333 2.00 6,666
2006-09-21 Mansueto Joseph D (Chairman & CEO) Sale 1,720 37.50 64,505
2006-09-20 Mansueto Joseph D (Chairman & CEO) Sale 11,411 37.45 427,660
2006-09-19 Mansueto Joseph D (Chairman & CEO) Sale 5,459 36.98 201,884
2006-09-18 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 37.33 210,985
2006-09-18 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-09-15 Mansueto Joseph D (Chairman & CEO) Sale 27,327 38.25 1,045,178
2006-09-15 Kaplan Steven N (Director) Sale 6,800 36.85 252,013
2006-09-15 Kaplan Steven N (Director) Option Ex 14,000 2.00 28,000
2006-09-14 Mansueto Joseph D (Chairman & CEO) Sale 10,420 37.21 387,707
2006-09-13 Mansueto Joseph D (Chairman & CEO) Sale 17,853 37.02 660,918
2006-09-13 Phillips Donald James Ii (Managing Director) Sale 1,693 37.04 62,708
2006-09-13 Phillips Donald James Ii (Managing Director) Option Ex 1,693 2.77 4,689
2006-09-12 Mansueto Joseph D (Chairman & CEO) Sale 20,431 36.83 750,769
2006-09-12 Phillips Donald James Ii (Managing Director) Sale 6,614 37.09 245,326
2006-09-12 Phillips Donald James Ii (Managing Director) Option Ex 6,614 2.77 18,320
2006-09-11 Phillips Donald James Ii (Managing Director) Sale 10,000 36.56 365,610
2006-09-11 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-09-11 Boudos Martha Dustin (Chief Financial Officer) Sale 11,362 36.56 415,406
2006-09-11 Boudos Martha Dustin (Chief Financial Officer) Option Ex 11,362 8.57 97,372
2006-09-08 Kaplan Steven N (Director) Sale 200 38.26 7,651
2006-09-07 Mansueto Joseph D (Chairman & CEO) Sale 5,800 37.30 216,369
2006-09-06 Mansueto Joseph D (Chairman & CEO) Sale 2,300 38.26 87,998
2006-09-05 Mansueto Joseph D (Chairman & CEO) Sale 15,000 38.46 576,915
2006-09-05 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 38.38 217,237
2006-09-05 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-08-30 Mansueto Joseph D (Chairman & CEO) Sale 15,000 38.01 569,727
2006-08-30 Boruff Christopher P (President, Advisor Business) Sale 1,405 38.08 53,499
2006-08-30 Boruff Christopher P (President, Advisor Business) Option Ex 1,405 14.13 19,852
2006-08-29 Mansueto Joseph D (Chairman & CEO) Sale 15,000 37.38 559,094
2006-08-29 Phillips Donald James Ii (Managing Director) Sale 2,000 37.51 75,026
2006-08-29 Phillips Donald James Ii (Managing Director) Option Ex 2,000 2.77 5,540
2006-08-29 Boruff Christopher P (President, Advisor Business) Sale 2,762 38.03 105,027
2006-08-29 Boruff Christopher P (President, Advisor Business) Option Ex 2,762 14.13 39,027
2006-08-28 Mansueto Joseph D (Chairman & CEO) Sale 15,000 36.80 551,913
2006-08-28 Phillips Donald James Ii (Managing Director) Sale 1,278 37.04 47,337
2006-08-28 Phillips Donald James Ii (Managing Director) Option Ex 1,378 2.77 3,817
2006-08-28 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 36.79 209,035
2006-08-28 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-08-25 Phillips Donald James Ii (Managing Director) Sale 6,722 37.02 248,221
2006-08-25 Phillips Donald James Ii (Managing Director) Option Ex 6,622 2.77 18,342
2006-08-23 Mansueto Joseph D (Chairman & CEO) Sale 2,800 37.30 104,426
2006-08-22 Mansueto Joseph D (Chairman & CEO) Sale 15,000 36.58 548,114
2006-08-22 Phillips Donald James Ii (Managing Director) Sale 4,998 37.31 186,495
2006-08-22 Phillips Donald James Ii (Managing Director) Option Ex 5,000 2.77 13,850
2006-08-22 Boruff Christopher P (President, Advisor Business) Option Ex 3,333 2.00 6,666
2006-08-21 Mansueto Joseph D (Chairman & CEO) Sale 15,000 35.35 530,174
2006-08-21 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 35.49 201,060
2006-08-21 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-08-17 Mansueto Joseph D (Chairman & CEO) Sale 15,000 35.11 526,392
2006-08-16 Mansueto Joseph D (Chairman & CEO) Sale 15,000 34.42 516,740
2006-08-15 Mansueto Joseph D (Chairman & CEO) Sale 15,000 34.30 514,301
2006-08-14 Kaplan Steven N (Director) Sale 7,000 34.61 241,677
2006-08-14 Kaplan Steven N (Director) Option Ex 14,000 2.00 28,000
2006-08-14 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 34.60 196,110
2006-08-14 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-08-10 Phillips Donald James Ii (Managing Director) Sale 5,002 35.74 168,521
2006-08-10 Phillips Donald James Ii (Managing Director) Option Ex 5,000 2.77 13,850
2006-08-09 Boudos Martha Dustin (Chief Financial Officer) Option Ex 12,573 2.38 29,986
2006-08-07 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 35.38 200,047
2006-08-07 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 8.57 48,686
2006-07-31 Boudos Martha Dustin (Chief Financial Officer) Sale 5,581 37.74 210,026
2006-07-31 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 9.76 55,446
2006-07-25 Phillips Donald James Ii (Managing Director) Sale 10,000 38.29 381,122
2006-07-25 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-07-24 Boudos Martha Dustin (Chief Financial Officer) Sale 11,462 37.56 427,129
2006-07-24 Boudos Martha Dustin (Chief Financial Officer) Option Ex 11,362 10.95 124,412
2006-07-24 Boruff Christopher P (President, Advisor Business) Option Ex 3,333 2.00 6,666
2006-07-20 Francis Cheryl A (Director) Sale 500 40.00 20,000
2006-07-20 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-07-19 Kirscher Elizabeth (Pres., Data Services Business) Option Ex 22,266 5.25 116,896
2006-07-19 Williams David W (Managing Director, Design) Sale 1,997 40.21 80,297
2006-07-19 Williams David W (Managing Director, Design) Option Ex 7,000 8.06 56,455
2006-07-17 Kaplan Steven N (Director) Sale 3,803 37.81 143,802
2006-07-17 Kaplan Steven N (Director) Option Ex 14,000 2.00 28,000
2006-07-17 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 37.97 215,625
2006-07-17 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 10.95 62,206
2006-07-12 Francis Cheryl A (Director) Sale 500 40.79 20,395
2006-07-12 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-07-11 Boruff Christopher P (President, Advisor Business) Sale 8,448 40.66 342,325
2006-07-11 Boruff Christopher P (President, Advisor Business) Option Ex 8,448 14.13 119,370
2006-07-11 Francis Cheryl A (Director) Sale 500 40.93 20,465
2006-07-11 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-07-10 Phillips Donald James Ii (Managing Director) Sale 10,000 41.06 410,278
2006-07-10 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-07-10 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 41.06 233,079
2006-07-10 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 10.95 62,206
2006-07-10 Francis Cheryl A (Director) Sale 500 41.47 20,735
2006-07-10 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-07-07 Williams David W (Managing Director, Design) Sale 2,500 41.78 104,462
2006-07-07 Williams David W (Managing Director, Design) Option Ex 2,500 14.13 35,325
2006-07-07 Francis Cheryl A (Director) Sale 500 42.17 21,085
2006-07-07 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-07-06 Francis Cheryl A (Director) Sale 500 41.20 20,600
2006-07-06 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-07-05 Francis Cheryl A (Director) Sale 500 42.52 21,260
2006-07-05 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-07-03 Boudos Martha Dustin (Chief Financial Officer) Sale 5,481 42.30 230,024
2006-07-03 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 10.95 62,206
2006-07-03 Francis Cheryl A (Director) Sale 500 40.83 20,415
2006-07-03 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-06-30 Williams David W (Managing Director, Design) Sale 2,400 41.29 99,086
2006-06-30 Williams David W (Managing Director, Design) Option Ex 2,500 14.13 35,325
2006-06-30 Francis Cheryl A (Director) Sale 500 40.68 20,340
2006-06-30 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-06-29 Kirscher Elizabeth (Pres., Data Services Business) Sale 12,000 40.52 485,136
2006-06-29 Kirscher Elizabeth (Pres., Data Services Business) Option Ex 12,000 14.13 169,560
2006-06-29 Williams David W (Managing Director, Design) Sale 5,100 40.93 206,259
2006-06-29 Williams David W (Managing Director, Design) Option Ex 10,785 8.07 82,220
2006-06-29 Francis Cheryl A (Director) Sale 500 40.00 20,000
2006-06-29 Francis Cheryl A (Director) Option Ex 500 8.57 4,285
2006-06-27 Mansueto Joseph D (Chairman & CEO) Sale 3,873 38.67 149,510
2006-06-26 Mansueto Joseph D (Chairman & CEO) Sale 22,000 37.67 828,311
2006-06-26 Sturm Paul W (Director) Sale 10,000 37.27 372,720
2006-06-26 Phillips Donald James Ii (Managing Director) Sale 10,000 37.70 378,068
2006-06-26 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-06-26 Boudos Martha Dustin (Chief Financial Officer) Sale 5,881 40.19 223,332
2006-06-26 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 10.95 62,206
2006-06-23 Mansueto Joseph D (Chairman & CEO) Sale 20,000 37.13 742,697
2006-06-22 Boruff Christopher P (President, Advisor Business) Option Ex 3,333 2.00 6,666
2006-06-14 Kaplan Steven N (Director) Sale 56 37.99 2,127
2006-06-14 Kaplan Steven N (Director) Option Ex 7,000 2.00 14,000
2006-06-12 Phillips Donald James Ii (Managing Director) Sale 10,000 41.54 415,002
2006-06-12 Phillips Donald James Ii (Managing Director) Option Ex 10,000 2.77 27,700
2006-06-12 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 41.54 235,762
2006-06-12 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 10.95 62,206
2006-06-12 Boruff Christopher P (President, Advisor Business) Sale 16,666 40.03 686,497
2006-06-12 Boruff Christopher P (President, Advisor Business) Option Ex 16,666 14.13 235,490
2006-06-09 Boudos Martha Dustin (Chief Financial Officer) Sale 5,681 43.15 244,779
2006-06-09 Boudos Martha Dustin (Chief Financial Officer) Option Ex 5,681 10.95 62,206
2006-06-09 Williams David W (Managing Director, Design) Sale 2,500 43.17 107,706
2006-06-09 Williams David W (Managing Director, Design) Option Ex 2,500 14.13 35,325
2006-05-31 Desmond Bevin (President, Int'l Business) Option Ex 594 2.00 1,188
2006-05-22 Sturm Paul W (Director) Sale 10,000 45.96 459,630
2006-05-22 Boruff Christopher P (President, Advisor Business) Option Ex 3,333 2.00 6,666
2006-05-17 Williams David W (Managing Director, Design) Sale 3,525 46.00 162,150
2006-05-17 Williams David W (Managing Director, Design) Option Ex 3,525 14.13 49,808
2006-05-16 Williams David W (Managing Director, Design) Sale 20,000 45.75 915,000
2006-05-16 Williams David W (Managing Director, Design) Option Ex 20,000 14.13 282,600
2006-05-15 Odelbo Catherine Gillis (President, Individual Business) Sale 63,684 45.45 2,894,436
2006-05-15 Williams David W (Managing Director, Design) Sale 7,225 45.60 329,460
2006-05-15 Williams David W (Managing Director, Design) Option Ex 7,225 14.13 102,089
2006-05-11 Boruff Christopher P (President, Advisor Business) Sale 16,666 44.54 740,835
2006-05-11 Boruff Christopher P (President, Advisor Business) Option Ex 16,666 14.13 235,490
2006-04-24 Sturm Paul W Sale 10,000 44.25 442,500
2006-03-27 Sturm Paul W Sale 10,000 42.50 425,000
2006-02-21 Sturm Paul W Sale 10,000 42.40 423,950
2005-12-29 Williams David W (Managing Director, D) Option Ex 300 2.00 600
2005-05-06 Softbank Corp (10% Owner) Sale 7,612,500 18.50 140,831,250

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.