WINMARK CORP - Director's Dealing 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2014-01-22

Reporting Person: Phillips Dean B (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-22	Common Stock	S	2146	$85.06	Disposed	3587	Direct
2014-01-23	Common Stock	S	1887	$83.80	Disposed	1700	Direct
2014-01-23	Common Stock	S	1700	$84.86	Disposed	0	Direct

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
Non-Employee Director Stock Option (right to buy)	$82.72	2023-12-16	Common Stock (1000)	1000	Direct

F1: 25% per year for four years.

F2: 2,146 shares sold at an average price of $85.06, with a range of $84.30 to $85.15.

F3: 1,887 shares sold at an average price of $83.80, with a range of $83.50 to $84.35.

F4: 1,700 shares sold at an average price of $84.86, with a range of $84.80 to $84.94.