WINMARK CORP - Director's Dealing 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2019-07-30

Reporting Person: MURPHY STEVEN (President of Franchising)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-30	Common Stock	M	1206	$55.72	Acquired	1206	Direct
2019-07-30	Common Stock	S	1206	$169.00	Disposed	0	Direct
2019-07-30	Common Stock	M	402	$55.72	Acquired	402	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-30	Employee Stock Option (right to buy)	$55.72	M	1608	Disposed	2022-12-13	Common Stock (3858)	Direct

Security	Shares	Ownership
Common Stock	100110	Indirect
Common Stock	350	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$59.77	2023-06-01	Common Stock (9250)	9250	Direct
Employee Stock Option (right to buy)	$82.72	2023-12-16	Common Stock (9250)	9250	Direct
Employee Stock Option (right to buy)	$66.29	2024-06-01	Common Stock (8500)	8500	Direct
Employee Stock Option (right to buy)	$80.32	2024-12-15	Common Stock (8500)	8500	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	$98.25	2026-06-01	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$125.50	2026-12-12	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$122.50	2027-06-01	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
Employee Stock Option (right to buy)	$156.00	2028-12-11	Common Stock (5000)	5000	Direct
Employee Stock Option (right to buy)	$164.84	2029-06-01	Common Stock (4000)	4000	Direct

F1: 25% per year for 4 years

F2: 1,206 shares sold at a price of $169.00 to cover payment of exercise price of and taxes due on option exercises included on this Form 4.