WINMARK CORP — Director's Dealing 2014

Dec 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2014-12-15

Reporting Person: REYELTS PAUL C (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-15	Non-Employee Director Stock Option (right to buy)	$80.32	A	1000	Acquired	2024-12-15	Common Stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7400	Direct
Common Stock	26350	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Employee Director Stock Option (right to buy)	$12.75	2018-12-11	Common Stock (500)	500	Direct
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 (500)	500	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 (750)	750	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 (1000)	1000	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
Non-Employee Director Stock Option (right to buy)	$82.72	2023-12-16	Common Stock (1000)	1000	Direct
Non-Employee Director Stock Option (right to buy)	$66.29	2024-06-01	Common Stock (1000)	1000	Direct

Footnotes

F1: 25% per year for four years.