X0202 4 2008-01-09 0001289419 Morningstar, Inc. MORN 0001324069 Mansueto Joseph D C/O MORNINGSTAR, INC. 225 WEST WACKER DRIVE CHICAGO IL 60606 1 1 0 0 Chairman & CEO Common Stock 2008-01-09 4 S 0 200 69.96 D 28055543 D Common Stock 2008-01-09 4 S 0 700 69.96 D 28054843 D Common Stock 2008-01-09 4 S 0 100 69.95 D 28054743 D Common Stock 2008-01-09 4 S 0 200 69.97 D 28054543 D Common Stock 2008-01-09 4 S 0 100 69.94 D 28054443 D Common Stock 2008-01-09 4 S 0 200 70.02 D 28054243 D Common Stock 2008-01-10 4 S 0 300 69.07 D 28053943 D Common Stock 2008-01-10 4 S 0 300 69.02 D 28053643 D Common Stock 2008-01-10 4 S 0 327 68.95 D 28053316 D Common Stock 2008-01-10 4 S 0 400 68.69 D 28052916 D Common Stock 2008-01-10 4 S 0 100 68.79 D 28052816 D Common Stock 2008-01-10 4 S 0 200 68.76 D 28052616 D Common Stock 2008-01-10 4 S 0 100 68.89 D 28052516 D Common Stock 2008-01-10 4 S 0 100 68.72 D 28052416 D Common Stock 2008-01-10 4 S 0 70 68.63 D 28052346 D Common Stock 2008-01-10 4 S 0 300 68.97 D 28052046 D Common Stock 2008-01-10 4 S 0 200 68.71 D 28051846 D Common Stock 2008-01-10 4 S 0 300 68.73 D 28051546 D Common Stock 2008-01-10 4 S 0 200 68.74 D 28051346 D Common Stock 2008-01-10 4 S 0 200 68.81 D 28051146 D Common Stock 2008-01-10 4 S 0 100 68.94 D 28051046 D Common Stock 2008-01-10 4 S 0 100 68.96 D 28050946 D Common Stock 2008-01-10 4 S 0 200 68.99 D 28050746 D Common Stock 2008-01-10 4 S 0 400 68.82 D 28050346 D Common Stock 2008-01-10 4 S 0 400 68.69 D 28049946 D Common Stock 2008-01-10 4 S 0 300 68.84 D 28049646 D Common Stock 2008-01-10 4 S 0 300 68.86 D 28049346 D Common Stock 2008-01-10 4 S 0 11 68.70 D 28049335 D Common Stock 2008-01-10 4 S 0 200 68.45 D 28049135 D Common Stock 2008-01-10 4 S 0 100 68.47 D 28049035 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2007. Form 1 of 2 /s/ Heidi Miller, by power of attorney 2008-01-11