WINMARK CORP — Director's Dealing 2017

Sep 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2017-08-30

Reporting Person: MACKENZIE KIRK A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-30	Common Stock	S	683	$131.46	Disposed	44420	Indirect
2017-08-31	Common Stock	S	6983	$131.97	Disposed	37437	Indirect
2017-09-01	Common Stock	S	1958	$131.91	Disposed	35479	Indirect
2017-09-05	Common Stock	S	1379	$131.73	Disposed	34100	Indirect
2017-09-06	Common Stock	S	1516	$131.91	Disposed	32584	Indirect
2017-09-07	Common Stock	S	1071	$131.21	Disposed	31513	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
Non-Employee Director Stock Option (right to buy)	$122.50	2027-06-01	Common Stock (800)	800	Direct

Footnotes

F1: 25% per year for four years.

F2: 683 shares sold at an average price of $131.46, with a range of $131.35 to $131.75.

F3: 6,983 shares sold at an average price of $131.97, with a range of $131.60 to $132.45.

F4: 1,958 shares sold at an average price of $131.91, with a range of $131.85 to $132.05.

F5: 1,379 shares sold at an average price of $131.73, with a range of $131.00 to $132.00.

F6: 1,516 shares sold at an average price of $131.91, with a range of $131.60 to $132.05.

F7: 1,071 shares sold at an average price of $131.21, with a range of $131.05 to $131.80.