WINMARK CORP — Director's Dealing 2016

Nov 3, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2016-11-03

Reporting Person: Goff Leah A (VP of Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-03	Common Stock	M	1250	$31.19	Acquired	6900	Direct
2016-11-03	Common Stock	M	1250	$32.92	Acquired	8150	Direct
2016-11-03	Common Stock	M	1250	$37.76	Acquired	9400	Direct
2016-11-03	Common Stock	M	1250	$53.34	Acquired	10650	Direct
2016-11-03	Common Stock	S	3120	$104.22	Disposed	7530	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-03	Employee Stock Option (right to buy)	$31.19	M	1250	Disposed	2020-06-01	Common Stock (1250)	Direct
2016-11-03	Employee Stock Option (right to buy)	$32.92	M	1250	Disposed	2020-12-14	Common Stock (1250)	Direct
2016-11-03	Employee Stock Option (right to buy)	$37.76	M	1250	Disposed	2021-06-01	Common Stock (1250)	Direct
2016-11-03	Employee Stock Option (right to buy)	$53.34	M	1250	Disposed	2021-12-08	Common Stock (1250)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$51.17	2022-06-01	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$55.72	2022-12-13	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$59.77	2023-06-01	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$82.72	2023-12-16	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$66.29	2024-06-01	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$80.32	2024-12-15	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$91.93	2025-06-01	Common Stock (1000)	1000	Direct
Employee Stock Option (right to buy)	$90.99	2025-12-14	Common Stock (1000)	1000	Direct
Employee Stock Option (right to buy)	$98.25	2026-06-01	Common Stock (1000)	1000	Direct

Footnotes

F1: 25% per year for four years

F2: 3,120 shares sold at an average price of $104.22, with a range of $104.00 to $104.75, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.