WINMARK CORP — Director's Dealing 2017

Nov 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2017-11-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-20	Common Stock	M	1250	$51.17	Acquired	8780	Direct
2017-11-20	Common Stock	S	970	$128.70	Disposed	7810	Direct
2017-11-21	Common Stock	M	1250	$55.72	Acquired	9060	Direct
2017-11-21	Common Stock	M	500	$59.77	Acquired	9560	Direct
2017-11-21	Common Stock	S	1060	$128.00	Disposed	8500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-20	Employee Stock Option (right to buy)	$51.17	M	1250	Disposed	2022-06-01	Common Stock (1250)	Direct
2017-11-21	Employee Stock Option (right to buy)	$55.72	M	1250	Disposed	2022-12-13	Common Stock (1250)	Direct
2017-11-21	Employee Stock Option (right to buy)	$59.77	M	500	Disposed	2023-06-01	Common Stock (1250)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Employee Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (1000)	1000	Direct
Employee Stock Option (right to buy)	$122.50	2027-06-01	Common Stock (1000)	1000	Direct

Footnotes

F1: 25% per year for four years

F2: 970 shares sold at an average price of $128.70, with a range of $128.60 to $128.95, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.

F3: 1,060 shares sold at a price of $128.00 to cover payment of exercise price of and taxes due on option exercises included on this Form 4.