WINMARK CORP — Director's Dealing 2018

Aug 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2018-08-28

Reporting Person: Ishaug Anthony D (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-28	Common Stock	M	2000	$31.19	Acquired	12250	Direct
2018-08-28	Common Stock	S	2000	$149.03	Disposed	10250	Direct
2018-08-28	Common Stock	M	4000	$18.40	Acquired	14250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-28	Employee Stock Option (right to buy)	$18.40	M	4000	Disposed	2018-09-04	Common Stock (4000)	Direct
2018-08-28	Employee Stock Option	$31.19	M	2000	Disposed	2020-06-01	Common Stock (7500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$22.15	2019-12-10	Common Stock (7000)	7000	Direct
Employee Stock Option (right to buy)	$32.92	2020-12-14	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$37.76	2021-06-01	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$53.34	2021-12-08	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$51.17	2022-06-01	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$55.72	2022-12-13	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$59.77	2023-06-01	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$82.72	2023-12-16	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$66.29	2024-06-01	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$80.32	2024-12-15	Common Stock (7500)	7500	Direct
Employee Stock Option (right to buy)	$91.93	2025-06-01	Common Stock (6800)	6800	Direct
Employee Stock Option (right to buy)	$90.99	2025-12-14	Common Stock (6800)	6800	Direct
Employee Stock Option (right to buy)	$98.25	2026-06-01	Common Stock (6800)	6800	Direct
Employee Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (6800)	6800	Direct
Employee Stock Option (right to buy)	$122.50	2027-06-06	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$134.25	2027-12-11	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$143.20	2028-06-01	Common Stock (5000)	5000	Direct

Footnotes

F1: 25% per year for 4 years

F2: 2,000 shares sold at an average price of $149.03, with a range of $149.00 to $149.30, to cover a portion of the payment of taxes due on option exercises included on this Form 4.