WINMARK CORP — Director's Dealing 2017

Aug 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2017-08-21

Reporting Person: GRASSLE JENELE C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-21	Common Stock	M	2000	$12.75	Acquired	8500	Direct
2017-08-21	Common Stock	S	425	$129.74	Disposed	8075	Direct
2017-08-21	Common Stock	S	200	$130.81	Disposed	7875	Direct
2017-08-22	Common Stock	S	825	$129.23	Disposed	7050	Direct
2017-08-22	Common Stock	S	500	$130.36	Disposed	6550	Direct
2017-08-23	Common Stock	S	125	$127.44	Disposed	6425	Direct
2017-08-23	Common Stock	S	925	$128.13	Disposed	5500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-21	Non-Employee Director Stock Option (right to buy)	$12.75	M	2000	Disposed	2018-12-11	Common Stock (2000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Employee Director 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 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
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: 425 shares sold at an average price of $129.74, with a range of $129.40 to $130.00.

F3: 825 shares sold at an average price of $129.23, with a range of $128.96 to $129.58.

F4: 500 shares sold at an average price of $130.36, with a range of $130.00 to $130.80.

F5: 125 shares sold at an average price of $127.44, with a range of $127.42 to $127.48.

F6: 925 shares sold at an average price of $128.13, with a range of $127.53 to $128.53.