4//SEC Filing
Morningstar, Inc. 4
Accession 0001289419-14-000040
$MORNCIK 0001289419operating
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 10:31 AM ET
Size
11.1 KB
Accession
0001289419-14-000040
Insider Transaction Report
Form 4
Williams David W
Managing Director, Design
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2014-02-18−3,000→ 4,500 totalExercise: $26.55Exp: 2015-05-02→ Common Stock (3,000 underlying) - Exercise/Conversion
Common Stock
2014-02-18$26.55/sh+3,000$79,657→ 42,363 total - Sale
Common Stock
2014-02-18$80.82/sh−2,100$169,725→ 40,263 total - Sale
Common Stock
2014-02-18$81.57/sh−900$73,412→ 39,363 total
Footnotes (5)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2013.
- [F2]The exercise price increases over the term of the option at a rate equal to the 10-year Treasury bond yield as of the date of grant ($18.50). On Fubruary 18, 2014, the exercise price was $26.5522.
- [F3]The transaction was executed in multiple trades at prices ranging from $80.36 to 81.25. 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.
- [F4]The transaction was executed in multiple trades at prices ranging from $81.42 to 81.82. 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.
- [F5]The options become exercisable in four equal installments on May 2, 2006, 2007, 2008, and 2009.
Documents
Issuer
Morningstar, Inc.
CIK 0001289419
Entity typeoperating
IncorporatedIL
Related Parties
1- filerCIK 0001289419
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 10:31 AM ET
- Size
- 11.1 KB