WINMARK CORP — Director's Dealing 2016

Dec 28, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2016-12-27

Reporting Person: MACKENZIE KIRK A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-27	Common Stock	S	2357	$126.86	Disposed	82811	Indirect
2016-12-27	Common Stock	S	1264	$125.18	Disposed	81547	Indirect
2016-12-27	Common Stock	S	206	$124.60	Disposed	81341	Indirect
2016-12-28	Common Stock	S	1173	$124.13	Disposed	80168	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 (2000)	2000	Direct
Non-Employee Directors Stock Option (right to buy)	$13.01	2019-06-01	Common Stock (1000)	1000	Direct
Nonemployee Director Stock Option (right to buy)	$22.15	2019-12-10	Common Stock (1000)	1000	Direct
Non-Employee Director Stock Option (right to buy)	$31.19	2020-06-01	Common Stock (1000)	1000	Direct
Non-Employee Director Stock Option (right to buy)	$32.92	2020-12-14	Common Stock (1000)	1000	Direct
Non-Employee Director Stock Option (right to buy)	$37.76	2021-06-01	Common Stock (1000)	1000	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 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
Non-Employee Director Stock Option (right to buy)	$80.32	2024-12-15	Common Stock (1000)	1000	Direct
Non-Employee Director Stock Option (right to buy)	$91.93	2025-06-01	Common Stock (800)	800	Direct
Non-Employee Director Stock Option (right to buy)	$90.99	2025-12-14	Common Stock (800)	800	Direct
Non-Employee Director Stock Option (right to buy)	$98.25	2026-06-01	Common Stock (800)	800	Direct
Non-Employee Director Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (800)	800	Direct

Footnotes

F1: 25% per year for four years.

F2: 2,357 shares sold at an average price of $126.86, with a range of $126.00 to $127.00.

F3: 1,264 shares sold at an average price of $125.18, with a range of $124.95 to $125.80.

F4: 206 shares sold at an average price of $124.60, with a range of $124.50 to $124.70.

F5: 1,173 shares sold at an average price of $124.13, with a range of $124.00 to $124.50.