WINMARK CORP — Director's Dealing 2021

Oct 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WINMARK CORP (WINA)
CIK: 0000908315
Period of Report: 2021-10-28

Reporting Person: HEFFES BRETT D (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-28	Common Stock	M	1131	$82.72	Acquired	107131	Direct
2021-10-28	Common Stock	M	3783	$91.93	Acquired	110914	Direct
2021-10-28	Common Stock	S	114	$225.34	Disposed	110800	Direct
2021-10-28	Common Stock	S	4800	$225.00	Disposed	106000	Direct
2021-10-28	Common Stock	M	1600	$82.72	Acquired	107600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-28	Employee Stock Option (right to buy)	$82.72	M	2731	Disposed	2023-12-16	Common Stock (2731)	Direct
2021-10-28	Employee Stock Option (right to buy)	$91.93	M	3783	Disposed	2025-06-01	Common Stock (5713)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 (3983)	3983	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
Employee Stock Option (right to buy)	$176.20	2029-12-16	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$143.87	2030-06-01	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$183.87	2030-12-14	Common Stock (4000)	4000	Direct
Employee Stock Option (right to buy)	$195.82	2031-06-01	Common Stock (4000)	4000	Direct

Footnotes

F1: 25% per year for four years.

F2: 114 shares sold at an average price of $225.34, with a range of $225.20 to $226.20, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.

F3: 4,800 shares sold at an average price of $225.00, with a range of $225.00 to $225.06, to cover payment of exercise price of and taxes due on option exercises included on this Form 4