SEC Form 4 · accession 0001289419-18-000056
Morningstar, Inc. · MORN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Needham
Officer — Pres., Investment Management
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 3:23 pm EDT
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 | May 15, 2018 | A | 1,782 | $0.00 | A | 24,121 | D | |
| Common Stock | May 15, 2018 | F | 815 | $112.22 | D | 23,306 | 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 UnitsF2 | — | May 15, 2018 | A | 901 | A | — | May 15, 2021 | Common Stock | 901 | 3,394 | 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 in four equal annual installments beginning May 15, 2019.
- F2The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending May 14, 2021.