Morningstar, Inc. 4
4 · Morningstar, Inc. · Filed Mar 13, 2014
Insider Transaction Report
Form 4
Williams David W
Managing Director, Design
Transactions
- Exercise/Conversion
Common Stock
2014-03-12$26.62/sh+5,000$133,100→ 44,363 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2014-03-12−5,000→ 1,500 totalExercise: $26.62Exp: 2015-05-02→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]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 March 12, 2014, the exercise price was $26.62.
- [F2]The options become exercisable in four equal installments on May 2, 2006, 2007, 2008, and 2009.