SEC Form 4 · accession 0001179110-16-028160

WINMARK CORP · WINA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Steven C Zola

Officer — President, Winmark Capital · Director

Period of report

Jul 29, 2016

Accepted (ET)

Aug 2, 2016 · 5:37 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000908315

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Jul 29, 2016	M	550	$20.32	A	2,553	D
Common Stock^F2	Jul 29, 2016	S	12	$102.00	D	2,541	D
Common Stock^F3	Jul 29, 2016	S	288	$100.40	D	2,253	D
Common Stock	Aug 1, 2016	M	14,075	$20.32	A	16,328	D
Common Stock^F4	Aug 1, 2016	S	5,349	$100.09	D	10,979	D
Common Stock^F5	Aug 2, 2016	S	1,000	$99.15	D	9,979	D
Common Stock^F6	Jul 29, 2016	F	111	$100.57	D	45,225	I	By Zola Living Trust
Common Stock^F7	Aug 1, 2016	F	2,862	$99.91	D	42,363	I	by Zola Living Trust
Common Stock	holding	—	—		—	500	I	Child 1
Common Stock	holding	—	—		—	500	I	Child 2
Common Stock	holding	—	—		—	500	I	Child 3

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F8,F1	$20.32	Jul 29, 2016	M	14,625	D	Dec 14, 2007	Dec 14, 2016	Common Stock	14,625	0	D
Employee Stock Option (right to buy)^F1	$20.96	holding	—	—	—	Dec 13, 2008	Dec 13, 2017	Common Stock	17,686	17,686	D
Employee Stock Option (right to buy)^F1	$16.52	holding	—	—	—	Aug 13, 2009	Aug 13, 2018	Common Stock	8,437	8,437	D
Employee Stock Option (right to buy)^F1	$12.75	holding	—	—	—	Dec 11, 2009	Dec 11, 2018	Common Stock	5,786	5,786	D
Employee Stock Option (right to buy)^F1	$13.01	holding	—	—	—	Jun 1, 2010	Jun 1, 2019	Common Stock	7,306	7,306	D
Employee Stock Option (right to buy)^F1	$22.15	holding	—	—	—	Dec 10, 2010	Dec 10, 2019	Common Stock	7,500	7,500	D
Employee Stock Option (right to buy)^F1	$31.19	holding	—	—	—	Jun 1, 2011	Jun 1, 2020	Common Stock	7,113	7,113	D
Employee Stock Option (right to buy)^F1	$32.92	holding	—	—	—	Dec 14, 2011	Dec 14, 2020	Common Stock	9,250	8,581	D
Employee Stock Option (right to buy)^F1	$37.76	holding	—	—	—	Jun 1, 2012	Jun 1, 2021	Common Stock	9,250	9,250	D
Employee Stock Option (right to buy)^F1	$53.34	holding	—	—	—	Dec 8, 2012	Dec 8, 2021	Common Stock	9,250	9,250	D
Employee Stock Option (right to buy)^F1	$51.17	holding	—	—	—	Jun 1, 2013	Jun 1, 2022	Common Stock	9,250	9,250	D
Employee Stock Option (right to buy)^F1	$55.72	holding	—	—	—	Dec 13, 2013	Dec 13, 2022	Common Stock	9,250	9,250	D
Employee Stock Option (right to buy)^F1	$59.77	holding	—	—	—	Jun 1, 2014	Jun 1, 2023	Common Stock	9,250	9,250	D
Employee Stock Option (right to buy)^F1	$82.72	holding	—	—	—	Dec 16, 2014	Dec 16, 2023	Common Stock	9,250	9,250	D
Employee Stock Option (right to buy)^F1	$66.29	holding	—	—	—	Jun 1, 2015	Jun 1, 2024	Common Stock	8,500	8,500	D
Employee Stock Option (right to buy)^F1	$80.32	holding	—	—	—	Dec 15, 2015	Dec 15, 2024	Common Stock	8,500	8,500	D
Employee Stock Option (right to buy)^F1	$91.93	holding	—	—	—	Jun 1, 2016	Jun 1, 2025	Common Stock	6,800	6,800	D
Employee Stock Option (right to buy)^F1	$90.99	holding	—	—	—	Dec 14, 2016	Dec 14, 2025	Common Stock	6,800	6,800	D
Employee Stock Option (right to buy)^F1	$98.25	holding	—	—	—	Jun 1, 2017	Jun 1, 2026	Common Stock	5,000	5,000	D

Explanation of responses

F125% per year for 4 years
F212 shares sold at a price of $102.00 to cover taxes due on option exercises included on this Form 4.
F3288 shares sold at a price of $100.40 to cover taxes due on option exercises included on this Form 4.
F45,349 shares sold at an average price of $100.09, with a range of $100.00 to $100.58, to cover taxes due on option exercises included on this Form 4.
F51,000 shares sold at an average price of $99.15, with a range of $99.00 to $99.30.
F6111 shares delivered in payment of exercise price of option exercise included on the Form 4, valued at the closing price of the shares on July 29, 2016 of $100.57.
F72,862 shares delivered in payment of exercise price of option exercise included on the Form 4, valued at the closing price of the shares on August 1, 2016 of $99.91.
F8550 option shares exercised 7/29/16 and 14,075 option shares exercised 8/1/16 as indicated on Table 1.