X0202 4 2008-06-13 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 2008-06-13 4 M 0 6886 10.98 A 187550 D Common Stock 2008-06-13 4 M 0 6887 14.13 A 194437 D Common Stock 2008-06-13 4 S 0 300 70.00 D 194137 D Common Stock 2008-06-13 4 S 0 100 70.03 D 194037 D Common Stock 2008-06-13 4 S 0 200 70.21 D 193837 D Common Stock 2008-06-13 4 S 0 200 70.22 D 193637 D Common Stock 2008-06-13 4 S 0 100 70.36 D 193537 D Common Stock 2008-06-13 4 S 0 200 70.39 D 193337 D Common Stock 2008-06-13 4 S 0 100 70.40 D 193237 D Common Stock 2008-06-13 4 S 0 273 70.41 D 192964 D Common Stock 2008-06-13 4 S 0 100 70.46 D 192864 D Common Stock 2008-06-13 4 S 0 200 70.48 D 192664 D Common Stock 2008-06-13 4 S 0 300 70.49 D 192364 D Common Stock 2008-06-13 4 S 0 100 70.52 D 192264 D Common Stock 2008-06-13 4 S 0 200 70.67 D 192064 D Common Stock 2008-06-13 4 S 0 100 70.68 D 191964 D Common Stock 2008-06-13 4 S 0 100 70.76 D 191864 D Common Stock 2008-06-13 4 S 0 100 70.77 D 191764 D Common Stock 2008-06-13 4 S 0 62 70.78 D 191702 D Common Stock 2008-06-13 4 S 0 38 70.81 D 191664 D Common Stock 2008-06-13 4 S 0 100 70.88 D 191564 D Common Stock 2008-06-13 4 S 0 400 70.99 D 191164 D Common Stock 2008-06-13 4 S 0 200 71.02 D 190964 D Common Stock 2008-06-13 4 S 0 200 71.15 D 190764 D Common Stock 2008-06-13 4 S 0 400 71.25 D 190364 D Common Stock 2008-06-13 4 S 0 200 71.39 D 190164 D Common Stock 2008-06-13 4 S 0 200 71.43 D 189964 D Common Stock 2008-06-13 4 S 0 100 71.49 D 189864 D Common Stock 2008-06-13 4 S 0 200 71.51 D 189664 D Common Stock 2008-06-13 4 S 0 200 71.52 D 189464 D Employee Stock Option (Right to Buy) 10.98 2008-06-13 4 M 0 6886 0 D 2010-01-03 Common Stock 6886 668000 D Employee Stock Option (Right to Buy) 14.13 2008-06-13 4 M 0 6887 0 D 2011-03-05 Common Stock 6887 490000 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 3 /s/ Heidi Miller, by power of attorney 2008-06-17