WINMARK CORP — Director's Dealing 2010

Dec 14, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2010-12-14

Reporting Person: Ishaug Anthony D (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-14	Employee Stock Option (right to buy)	$32.92	A	7500	Acquired	2020-12-14	Common Stock (7500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$18.40	2018-09-04	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$12.75	2018-12-11	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$13.01	2019-06-01	Common Stock (7000)	7000	Direct
Employee Stock Option (right to buy)	$22.15	2019-12-10	Common Stock (7000)	7000	Direct
Employee Stock Option	$31.19	2020-06-01	Common Stock (7500)	7500	Direct

Footnotes

F1: 1. 25% per year for 4 years