X0202 4 2008-01-09 0001289419 Morningstar, Inc. MORN 0001323907 Armour Timothy K C/O MORNINGSTAR, INC. 225 WEST WACKER DRIVE CHICAGO IL 60606 0 1 0 0 Managing Director Common Stock 2008-01-09 4 S 0 300 68.73 D 309340 D Common Stock 2008-01-09 4 S 0 300 68.74 D 309040 D Common Stock 2008-01-09 4 S 0 300 68.75 D 308740 D Common Stock 2008-01-09 4 S 0 600 68.78 D 308140 D Common Stock 2008-01-09 4 S 0 300 68.79 D 307840 D Common Stock 2008-01-09 4 S 0 500 68.80 D 307340 D Common Stock 2008-01-09 4 S 0 300 68.81 D 307040 D Common Stock 2008-01-09 4 S 0 100 68.83 D 306940 D Common Stock 2008-01-09 4 S 0 75 68.84 D 306865 D Common Stock 2008-01-09 4 S 0 400 68.86 D 306465 D Common Stock 2008-01-09 4 S 0 600 68.91 D 305865 D Common Stock 2008-01-09 4 S 0 300 68.92 D 305565 D Common Stock 2008-01-09 4 S 0 300 68.93 D 305265 D Common Stock 2008-01-09 4 S 0 300 68.95 D 304965 D Common Stock 2008-01-09 4 S 0 500 68.96 D 304465 D Common Stock 2008-01-09 4 S 0 300 69.00 D 304165 D Common Stock 2008-01-09 4 S 0 300 69.07 D 303865 D Common Stock 2008-01-09 4 S 0 300 69.09 D 303565 D Common Stock 2008-01-09 4 S 0 300 69.12 D 303265 D Common Stock 2008-01-09 4 S 0 300 69.13 D 302965 D Common Stock 2008-01-09 4 S 0 300 69.16 D 302665 D Common Stock 2008-01-09 4 S 0 300 69.20 D 302365 D Common Stock 2008-01-09 4 S 0 73 69.21 D 302292 D Common Stock 2008-01-09 4 S 0 300 69.22 D 301993 D Common Stock 2008-01-09 4 S 0 600 69.24 D 301392 D Common Stock 2008-01-09 4 S 0 300 69.26 D 301092 D Common Stock 2008-01-09 4 S 0 600 69.27 D 300492 D Common Stock 2008-01-09 4 S 0 300 69.29 D 300192 D Common Stock 2008-01-09 4 S 0 300 69.31 D 299892 D Common Stock 2008-01-09 4 S 0 200 69.34 D 299692 D The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 12, 2007. Form 2 of 3 /s/ Heidi Miller, by power of attorney 2008-01-11