MORNINGSTAR INC

Ticker: MORN CUSIP: 617700109 Class: Common Stock

K2 PRINCIPAL FUND, L.P.'s Holding History (CIK: 0001461790)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 2,824 Value ($000) $224 Avg Close $82.20 Range $73.84 - $85.49

Q2 2016

Shares 9,224 Value ($000) $754 Avg Close $83.58 Range $76.57 - $89.44

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	2,824	$224	$82.20	$73.84 - $85.49
Q2 2016	9,224	$754	$83.58	$76.57 - $89.44