Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Desmond Bevin
 2. Issuer Name and Ticker or Trading Symbol
Morningstar, Inc. [MORN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President, Int'l Business
(Last)
(First)
(Middle)

C/O MORNINGSTAR, INC., 22 WEST WASHINGTON STREET		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2009
(Street)


CHICAGO, IL 60602		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 03/15/2009   F4 44 D $ 31.94 43,116 I By spouse
Common Stock 05/15/2009   F4 133 D $ 38.52 42,983 I By spouse
Common Stock 06/03/2009   M4 1,296 A $ 10.98 44,279 I By spouse
Common Stock 06/03/2009   S4 1,296 D $ 41.1824 42,983 I By spouse
Common Stock 11/15/2009   F4 10 D $ 49.38 42,973 I By spouse
Common Stock 12/30/2009   S4 5,000 D $ 48.1315 (12) 37,973 I By spouse
Common Stock             37,973 (11) (13) I By spouse
Common Stock             35,569 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 10.98 06/03/2009   M4   1,296   (10) 06/30/2009 Common Stock
1,296
$ 0 0
I
By spouse
Employee Stock Option (Right to Buy) $ 14.13             (1) 05/01/2010 Common Stock
13,500
  13,500 (9)
I
By spouse
Employee Stock Option (Right to Buy) $ 14.13             (2) 05/01/2011 Common Stock
4,300
  4,300 (9)
I
By spouse
Employee Stock Option (Right to Buy) $ 10.95             (3) 05/01/2012 Common Stock
5,993
  5,993 (9)
I
By spouse
Employee Stock Option (Right to Buy) $ 8.57             (4) 05/01/2012 Common Stock
5,000
  5,000 (9)
I
By spouse
Employee Stock Option (Right to Buy) $ 14.7 (5)             (6) 12/12/2014 Common Stock
10,000
  10,000 (9)
I
By spouse
Employee Stock Option (Right to Buy) $ 18.5 (7)             (8) 05/02/2015 Common Stock
7,500
  7,500 (9)
I
By spouse

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Desmond Bevin
C/O MORNINGSTAR, INC.
22 WEST WASHINGTON STREET
CHICAGO, IL 60602		       President, Int'l Business  

Signatures

/s/ Heidi Miller, by power of attorney 02/16/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The options became exercisable in four equal installments on May 1, 2001, 2002, 2003, and 2004.
(2) The options became exercisable in four equal installments on May 1, 2002, 2003, 2004, and 2005.
(3) The options became exercisable in four equal installments on May 1, 2003, 2004, 2005, and 2006.
(4) The options became exercisable in four equal installments on May 1, 2004, 2005, 2006, and 2007.
(5) The exercise price is determined by the daily indexing of the fair market value of the shares on the grant date ($14.70) against the 10-Year U.S. Treasury Bond Rate on December 1, 2004, compounded annually. Therefore the exercise price is subject to change throughout the life of the option. On February 16, 2010, the exercise price was $18.2631.
(6) The options became exercisable in four equal installments on December 1, 2005, 2006, 2007, and 2008.
(7) The exercise price is determined by the daily indexing of the fair market value of the shares on the grant date ($18.50) against the 10-Year U.S. Treasury Bond Rate on May 2, 2005, compounded annually. Therefore the exercise price is subject to change throughout the life of the option. On February 16, 2010, the exercise price was $22.5268.
(8) The options became exercisable in four equal installments on May 2, 2006, 2007, 2008, and 2009.
(9) The reporting person acquired beneficial ownership of these stock options upon her marriage to the holder of the stock options on February 28, 2009.
(10) The options became exercisable in four equal installments on June 30, 2000, 2001, 2002, and 2003.
(11) Includes 1,887 shares of Morningstar, Inc. common stock represented by restricted stock units.
(12) This transaction was executed in multiple trades at prices ranging from $48.0396 to $48.222. 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.
(13) The reporting person acquired beneficial ownership of these shares of Morningstar, Inc. common stock upon her marriage to the owner of the shares on February 28, 2009.

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