WINMARK CORP — Director's Dealing 2013

Oct 31, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2013-10-28

Reporting Person: Phillips Dean B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-29	Common Stock	S	1636	$74.06	Disposed	17099	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Employee Director Stock Option (right to buy)	$13.01	2019-06-01	Common Stock (250)	250	Direct
Nonemployee Director Stock Option (right to buy)	$22.15	2019-12-10	Common Stock (250)	250	Direct
Non-Employee Director Stock Option (right to buy)	$31.19	2020-06-01	Common Stock (500)	500	Direct
Non-Employee Director Stock Option (right to buy)	$32.92	2020-12-14	Common Stock (500)	500	Direct
Non-Employee Director Stock Option (right to buy)	$37.76	2021-06-01	Common Stock (750)	750	Direct
Nonemployee Director Stock Option (right to buy)	$53.34	2021-12-08	Common Stock (750)	750	Direct
Non-Employee Director Stock Option (right to buy)	$51.17	2022-06-01	Common Stock (1000)	1000	Direct
Non-Employee Director Stock Option (right to buy)	$55.72	2022-12-13	Common Stock (1000)	1000	Direct
Non-Employee Director Stock Option (right to buy)	$59.77	2023-06-01	Common Stock (1000)	1000	Direct

Footnotes

F1: 25% per year for four years.

F2: 1,636 shares sold at an average price of $74.06, with a range of $74 to $74.15.