Boruff Christopher P 4
4 · Morningstar, Inc. · Filed Nov 2, 2012
Insider Transaction Report
Form 4
Boruff Christopher P
President, Advisor Software
Transactions
- Exercise/Conversion
Common Stock
2012-11-01$8.57/sh+2,500$21,425→ 73,389 total - Sale
Common Stock
2012-11-01$63.32/sh−400$25,329→ 72,989 total - Sale
Common Stock
2012-11-01$64.36/sh−2,100$135,155→ 70,889 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2012-11-01−2,500→ 0 totalExercise: $8.57Exp: 2013-05-01→ Common Stock (2,500 underlying)
Footnotes (4)
- [F1]The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 31, 2012.
- [F2]The options became exercisable in four equal installments on May 1, 2004, 2005, 2006 and 2007.
- [F3]The transaction was executed in multiple trades at prices ranging from $62.93 to $63.56. 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 $64.23 to $64.58. 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.