SEC Form 4 · accession 0001179110-16-030838

WINMARK CORP · WINA

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

Reporting owner

Brett D Heffes

Officer — CEO · Director

Period of report

Oct 18, 2016

Accepted (ET)

Oct 20, 2016 · 5:53 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	Oct 18, 2016	M	1,300	$22.15	A	110,500	D
Common Stock	Oct 18, 2016	M	3,000	$31.19	A	113,500	D
Common Stock^F2	Oct 18, 2016	S	1,996	$107.05	D	111,504	D
Common Stock^F3	Oct 18, 2016	S	1,004	$105.65	D	110,500	D
Common Stock	Oct 20, 2016	M	1,200	$22.15	A	111,700	D
Common Stock	Oct 20, 2016	M	4,412	$31.19	A	116,112	D
Common Stock^F4	Oct 20, 2016	S	3,912	$105.13	D	112,200	D
Common Stock	holding	—	—		—	1,300	I	By Son

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)^F5,F1	$22.15	Oct 18, 2016	M	2,500	D	Dec 10, 2010	Dec 10, 2019	Common Stock	2,500	0	D
Employee Stock Option (right to buy)^F6,F1	$31.19	Oct 18, 2016	M	7,412	D	Jun 1, 2011	Jun 1, 2020	Common Stock	10,000	2,588	D
Employee Stock Option (right to buy)^F1	$32.92	holding	—	—	—	Dec 14, 2011	Dec 14, 2020	Common Stock	9,250	9,250	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	CommonStock	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 four years.
F21,996 shares sold at an average price of $107.04, with a range of $106.60 to $107.10, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F31,004 shares sold at an average price of $105.65, with a range of $105.20 to $106.05, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F43,912 shares sold at an average price of $105.13, with a range of $105.00 to $106.00, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F51,300 option shares exercised 10/18/2016 and 1,200 option shares exercised 10/20/2016 as indicated in Table I.
F63,000 option shares exercised 10/18/2016 and 4,412 option shares exercised 10/20/2016 as indicated in Table I.