WINMARK CORP — Director's Dealing 2019

Aug 27, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2019-08-23

Reporting Person: Gaudette Renae M. (Vice President of Franchising)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-23	Common Stock	M	450	$53.34	Acquired	6675	Direct
2019-08-23	Common Stock	M	1250	$51.17	Acquired	7925	Direct
2019-08-27	Common Stock	S	450	$163.06	Disposed	7475	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-23	Employee Stock Option (right to buy)	$53.34	M	450	Disposed	2021-06-01	Common Stock (450)	Direct
2019-08-23	Employee Stock Option(right to buy)	$51.17	M	1250	Disposed	2022-06-01	Common Stock (1250)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$55.72	2022-12-13	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$59.77	2023-06-01	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$82.72	2023-12-16	Common Stock (1250)	1250	Direct
Employee Stock Option (right to buy)	$66.29	2024-06-01	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$80.32	2024-12-15	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$91.93	2025-06-01	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$90.99	2025-12-14	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$98.25	2026-06-01	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$122.50	2027-06-01	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$134.25	2027-12-11	Common Stock (2500)	2500	Direct
Employee Stock Option (right to buy)	$143.20	2028-06-01	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$156	2028-12-11	Common Stock (3000)	3000	Direct
Employee Stock Option (right to buy)	$164.84	2029-06-01	Common Stock (3000)	3000	Direct

Footnotes

F1: 25% per year for four years.

F2: 450 shares sold at a price of $163.06 to cover payment of exercise price of and taxes due on option exercises included on this Form 4.