X0202 4 2008-06-09 0001289419 Morningstar, Inc. MORN 0001324003 Huang Tao C/O MORNINGSTAR, INC. 225 WEST WACKER DRIVE CHICAGO IL 60606 0 1 0 0 Chief Operating Officer Common Stock 2008-06-09 4 M 0 6650 10.98 A 187314 D Common Stock 2008-06-09 4 M 0 1650 14.13 A 188964 D Common Stock 2008-06-09 4 S 0 941 70.00 D 188023 D Common Stock 2008-06-09 4 S 0 100 70.01 D 187923 D Common Stock 2008-06-09 4 S 0 1100 70.02 D 186823 D Common Stock 2008-06-09 4 S 0 775 70.03 D 186048 D Common Stock 2008-06-09 4 S 0 100 70.05 D 185948 D Common Stock 2008-06-09 4 S 0 240 70.08 D 185708 D Common Stock 2008-06-09 4 S 0 100 70.10 D 185608 D Common Stock 2008-06-09 4 S 0 200 70.11 D 185408 D Common Stock 2008-06-09 4 S 0 100 70.12 D 185308 D Common Stock 2008-06-09 4 S 0 100 70.13 D 185208 D Common Stock 2008-06-09 4 S 0 100 70.15 D 185108 D Common Stock 2008-06-09 4 S 0 200 70.16 D 184908 D Common Stock 2008-06-09 4 S 0 200 70.17 D 184708 D Common Stock 2008-06-09 4 S 0 200 70.18 D 184508 D Common Stock 2008-06-09 4 S 0 100 70.19 D 184408 D Common Stock 2008-06-09 4 S 0 259 70.20 D 184149 D Common Stock 2008-06-09 4 S 0 100 70.21 D 184049 D Common Stock 2008-06-09 4 S 0 43 70.22 D 184006 D Common Stock 2008-06-09 4 S 0 57 70.23 D 183949 D Common Stock 2008-06-09 4 S 0 100 70.26 D 183849 D Common Stock 2008-06-09 4 S 0 100 70.29 D 183749 D Common Stock 2008-06-09 4 S 0 400 70.31 D 183349 D Common Stock 2008-06-09 4 S 0 100 70.34 D 183249 D Common Stock 2008-06-09 4 S 0 97 70.36 D 183152 D Common Stock 2008-06-09 4 S 0 3 70.38 D 183149 D Common Stock 2008-06-09 4 S 0 200 70.39 D 182949 D Common Stock 2008-06-09 4 S 0 60 70.41 D 182889 D Common Stock 2008-06-09 4 S 0 200 70.42 D 182689 D Employee Stock Option (Right to Buy) 10.98 2008-06-09 4 M 0 6650 0 D 2010-01-03 Common Stock 6650 676350 D Employee Stock Option (Right to Buy) 14.13 2008-06-09 4 M 0 1650 0 D 2011-03-05 Common Stock 1650 498350 D The options became exercisable in four equal installments on January 3, 2001, 2002, 2003 and 2004. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2008. The options became exercisable in four equal installments on March 5, 2002, 2003, 2004, and 2005. Form 1 of 2 /s/ Heidi Miller, by power of attorney 2008-06-10