SEC Form 4 · accession 0001289419-17-000096
Morningstar, Inc. · MORN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Dubinsky
Officer — Chief Financial Officer
Period of report
Nov 15, 2017
Accepted (ET)
Nov 17, 2017 · 3:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001289419
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock (Restricted Stock Units)F1 | Nov 15, 2017 | A | 11,259 | $0.00 | A | 11,259 | D | |
| Common Stock (Restricted Stock Units)F2 | Nov 15, 2017 | A | 2,674 | $0.00 | A | 13,933 | D | |
| Common Stock | Nov 15, 2017 | A | 5,629 | $0.00 | A | 19,562 | D | |
| Common Stock | Nov 15, 2017 | F | 1,819 | $88.81 | D | 17,743 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Stock UnitsF3 | — | Nov 15, 2017 | A | 1,426 | A | — | Nov 15, 2020 | Common Stock | 1,426 | 1,426 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest 50% on November 15, 2018 and 50% on November 15, 2019.
- F2Each 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 November 15, 2018.
- F3The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending November 14, 2020.