WINMARK CORP - Director's Dealing 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2019-11-04

Reporting Person: GRASSLE JENELE C (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-04	Common Stock	S	700	$177.13	Disposed	3800	Direct
2019-11-04	Common Stock	S	1200	$178.37	Disposed	2600	Direct
2019-11-04	Common Stock	S	100	$179.71	Disposed	2500	Direct
2019-11-06	Common Stock	M	1000	$31.19	Acquired	3500	Direct
2019-11-06	Common Stock	M	1000	$32.92	Acquired	4500	Direct
2019-11-06	Common Stock	M	1000	$37.76	Acquired	5500	Direct
2019-11-06	Common Stock	M	1000	$53.34	Acquired	6500	Direct
2019-11-06	Common Stock	M	1000	$51.17	Acquired	7500	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-06	Non-Employee Director Stock Option (right to buy)	$31.19	M	1000	Disposed	2020-06-01	Common Stock (1000)	Direct
2019-11-06	Non-Employee Director Stock Option (right to buy)	$32.92	M	1000	Disposed	2020-12-14	Common Stock (1000)	Direct
2019-11-06	Non-Employee Director Stock Option (right to buy)	$37.76	M	1000	Disposed	2021-06-01	Common Stock (1000)	Direct
2019-11-06	Nonemployee Director Stock Option (right to buy)	$53.34	M	1000	Disposed	2021-12-08	Common Stock (1000)	Direct
2019-11-06	Non-Employee Director Stock Option (right to buy)	$51.17	M	1000	Disposed	2022-06-01	Common Stock (1000)	Direct

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Non-Employee Director Stock Option (right to buy)	$134.25	2027-12-11	Common Stock (800)	800	Direct
Non-Employee Director Stock Option (right to buy)	$143.20	2028-06-01	Common Stock (800)	800	Direct
Non-Employee Director Stock Option (right to buy)	$156.00	2028-12-11	Common Stock (800)	800	Direct
Non-Employee Director Stock Option (right to buy)	$164.84	2029-06-01	Common Stock (750)	750	Direct

F1: 25% per year for four years.

F2: 1,200 shares sold at an average price of $178.37, with a range of $178.24 to $179.21.

F3: 100 shares sold at an average price of $179.71, with a range of $179.62 to $179.75.