WINMARK CORP — Director's Dealing 2019

Sep 10, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2019-09-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-10	Common Stock	M	1250	$82.72	Acquired	10500	Direct
2019-09-10	Common Stock	M	1250	$80.32	Acquired	11750	Direct
2019-09-10	Common Stock	S	1329	$164.03	Disposed	10421	Direct
2019-09-10	Common Stock	S	346	$165.65	Disposed	10075	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-10	Employee Stock Option (right to buy)	$82.72	M	1250	Disposed	2023-12-16	Common Stock (1250)	Direct
2019-09-10	Employee Stock Option (right to buy)	$80.32	M	1250	Disposed	2024-12-15	Common Stock (1250)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Employee Stock Option (right to buy)	$134.25	2027-12-11	Common Stock (1000)	1000	Direct
Employee Stock Option (right to buy)	$143.20	2028-06-01	Common Stock (1000)	1000	Direct
Employee Stock Option (right to buy)	$156.00	2028-12-11	Common Stock (1000)	1000	Direct
Employee Stock Option (right to buy)	$164.84	2029-06-01	Common Stock (900)	900	Direct

Footnotes

F1: 25% per year for four years

F2: 1,329 shares sold at an average price of $164.03, with a range of $164.00 to $164.51, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.

F3: 346 shares sold at an average price of $165.65, with a range of $165.63 to $165.72, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.