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WINMARK CORP — Director's Dealing 2013
May 13, 2013
31850_dirs_2013-05-13_ffdf10e4-e3d2-41a3-9fc3-c4f7850b33d4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2013-05-09
Reporting Person: HEFFES BRETT D (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-09 | Common Stock | M | 18015 | $20.96 | Acquired | 98453 | Direct |
| 2013-05-09 | Common Stock | M | 2813 | $16.52 | Acquired | 101266 | Direct |
| 2013-05-09 | Common Stock | M | 2073 | $12.75 | Acquired | 103339 | Direct |
| 2013-05-09 | Common Stock | S | 9501 | $63.18 | Disposed | 93838 | Direct |
| 2013-05-09 | Common Stock | S | 940 | $61.93 | Disposed | 92898 | Direct |
| 2013-05-09 | Common Stock | S | 2760 | $61.41 | Disposed | 90138 | Direct |
| 2013-05-10 | Common Stock | M | 4485 | $20.96 | Acquired | 94623 | Direct |
| 2013-05-10 | Common Stock | M | 5314 | $16.52 | Acquired | 99937 | Direct |
| 2013-05-10 | Common Stock | M | 1927 | $12.75 | Acquired | 101864 | Direct |
| 2013-05-10 | Common Stock | M | 194 | $13.01 | Acquired | 102058 | Direct |
| 2013-05-10 | Common Stock | S | 846 | $60.43 | Disposed | 101212 | Direct |
| 2013-05-10 | Common Stock | S | 5953 | $59.35 | Disposed | 95259 | Direct |
| 2013-05-13 | Common Stock | M | 3123 | $16.52 | Acquired | 98382 | Direct |
| 2013-05-13 | Common Stock | M | 6213 | $12.75 | Acquired | 104595 | Direct |
| 2013-05-13 | Common Stock | S | 4838 | $60.96 | Disposed | 99757 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-05-09 | Employee Stock Option (right to buy) | $20.96 | M | 22500 | Disposed | 2017-12-13 | Common Stock (22500) | Direct |
| 2013-05-09 | Employee Stock Option (right to buy) | $16.52 | M | 11250 | Disposed | 2018-08-13 | Common Stock (11250) | Direct |
| 2013-05-09 | Employee Stock Option (right to buy) | $12.75 | M | 10213 | Disposed | 2018-12-11 | Common Stock (16000) | Direct |
| 2013-05-10 | Employee Stock Option (right to buy) | $13.01 | M | 194 | Disposed | 2019-06-01 | Common Stock (10000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1300 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $22.15 | 2019-12-10 | Common Stock (10000) | 10000 | Direct |
| Employee Stock Option (right to buy) | $31.19 | 2020-06-01 | Common Stock (10000) | 10000 | Direct |
| Employee Stock Option (right to buy) | $32.92 | 2020-12-14 | Common Stock (9250) | 9250 | Direct |
| Employee Stock Option (right to buy) | $37.76 | 2021-06-01 | Common Stock (9250) | 9250 | Direct |
| Employee Stock Option (right to buy) | $53.34 | 2021-12-08 | Common Stock (9250) | 9250 | Direct |
| Employee Stock Option (right to buy) | $51.17 | 2022-06-01 | Common Stock (9250) | 9250 | Direct |
| Employee Stock Option (right to buy) | $55.72 | 2022-12-13 | Common Stock (9250) | 9250 | Direct |
Footnotes
F1: 25% per year for four years.
F2: 9,501 shares sold at an average price of $63.18, with a range of $62.56 to $63.54, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F3: 940 shares sold at an average price of $61.93, with a range of $61.70 to $62.51, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F4: 2,760 shares sold at an average price of $61.41, with a range of $61.05 to $61.50, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F5: 846 shares sold at an average price of $60.43, with a range of $59.98 to $60.95, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F6: 5,953 shares sold at an average price of $59.35, with a range of $59.20 to $59.89, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F7: 4,838 shares sold at an average price of $60.96, with a range of $60.85 to $61.20, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F8: 18,015 option shares exercised 5/9/2013, 4,485 option shares exercised 5/10/2013 as indicated in Table I.
F9: 2,813 option shares exercised 5/9/2013, 5,314 option shares exercised 5/10/2013 and 3,123 option shares exercised 5/13/2013 as indicated in Table I.
F10: 2,073 option shares exercised 5/9/2013, 1,927 option shares exercised 5/10/2013 and 6,213 option shares exercised 5/13/2013 as indicated in Table I.