SEC Form 4 · accession 0001289419-18-000094
Morningstar, Inc. · MORN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bevin Desmond
Officer — Head of Talent and Culture
Period of report
Jul 30, 2018
Accepted (ET)
Jul 31, 2018 · 4:09 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 | Jul 30, 2018 | M | 1,000 | $57.28 | A | 33,943 | D | |
| Common StockF2 | Jul 30, 2018 | S | 1,000 | $133.322 | D | 32,943 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F3 | $57.28 | Jul 30, 2018 | M | 1,000 | D | — | May 15, 2021 | Common Stock | 1,000 | 7,000 | D |
Explanation of responses
- F1The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 29, 2018.
- F2The transaction was executed in a trade at prices ranging from $133.00 to $133.5050. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Morningstar or a shareholder of Morningstar full information regarding the number of shares and prices at which the transaction was effected.
- F3The options became exercisable in four equal annual installments beginning May 15, 2012.