1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (Right to Buy)
|
Â
(5)
|
05/01/2010 |
Common Stock
|
875
|
$
14.13
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
Â
(6)
|
05/01/2011 |
Common Stock
|
800
|
$
14.13
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
Â
(7)
|
05/01/2012 |
Common Stock
|
2,500
|
$
10.95
|
D
|
Â
|
Employee Stock Option (Right to buy)
|
Â
(8)
|
05/01/2013 |
Common Stock
|
3,000
|
$
8.57
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
Â
(9)
|
12/01/2014 |
Common Stock
|
625
|
$
17.4357
(10)
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
Â
(11)
|
05/02/2015 |
Common Stock
|
625
|
$
21.5224
(12)
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
Â
(13)
|
01/01/2016 |
Common Stock
|
1,000
|
$
39.429
(14)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in four equal annual installments beginning May 15, 2007. |
(2) |
Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in four equal annual installments beginning May 15, 2008. |
(3) |
Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in four equal annual installments beginning August 15, 2008. |
(4) |
Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in four equal annual installments beginning May 15, 2009. |
(5) |
The options became exercisable in four installments. On May 1, 2001 and 2002, 563 options vested. On May 1, 2003 and 2004, 562 options vested. |
(6) |
The options became exercisable in four equal installments on May 1, 2002, 2003, 2004, and 2005. |
(7) |
The options became exercisable in four equal installments on May 1, 2003, 2004, 2005, and 2006. |
(8) |
The options became exercisable in four equal installments on May 1, 2004, 2005, 2006, and 2007. |
(9) |
The options became exercisable in four equal installments on May 1, 2005, 2006, 2007, and 2008. |
(10) |
The exercise price is determined by the daily indexing of the fair market value of the shares on the grant date ($14.70) against the 10-Year U.S. Treasury Bond Rate on December 1, 2004, compounded annually. Therefore the exercise price is subject to change throughout the life of the option. On January 5, 2009, the exercise price was $17.4357. |
(11) |
The options become exercisable in four equal installments. On May 2, 2006, 2007, and 2008, 625 options vested. The remaining 625 options will vest on May 2, 2009. |
(12) |
The exercise price is determined by the daily indexing of the fair market value of the shares on the grant date ($18.50) against the 10-Year U.S. Treasury Bond Rate on May 2, 2005, compounded annually. Therefore the exercise price is subject to change throughout the life of the option. On January 5, 2009, the exercise price was $21.5224. |
(13) |
The options become exercisable in four equal installments. On January 1, 2007, 2008, and 2009, 500 options vested. The remaining 500 options will vest on January 1, 2010. |
(14) |
The exercise price is determined by the daily indexing of the fair market value of the shares on the grant date ($34.64) against the 10-Year U.S. Treasury Bond Rate on January 1, 2006, compounded annually. Therefore the exercise price is subject to change throughout the life of the option. On January 5, 2009, the exercise price was $39.429. |