SEC Form 4 · accession 0001179110-16-031530

WINMARK CORP · WINA

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

Reporting owner

Steven Murphy

Officer — President of Franchising

Period of report

Nov 10, 2016

Accepted (ET)

Nov 14, 2016 · 5:37 pm EST

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	Nov 10, 2016	M	3,510	$12.75	A	84,130	D
Common Stock^F2	Nov 10, 2016	S	2,340	$105.51	D	81,790	D
Common Stock	Nov 11, 2016	M	4,916	$12.75	A	86,706	D
Common Stock	Nov 11, 2016	M	1,244	$13.01	A	87,950	D
Common Stock^F3	Nov 11, 2016	S	3,660	$105.98	D	84,290	D
Common Stock	Nov 14, 2016	M	6,062	$13.01	A	90,352	D
Common Stock^F4	Nov 14, 2016	S	3,400	$106.00	D	86,952	D
Common Stock	holding	—	—		—	350	I	By Son 1
Common Stock	holding	—	—		—	350	I	By Son 2

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	$12.75	Nov 10, 2016	M	8,426	D	Dec 11, 2009	Dec 11, 2018	Common Stock	8,426	0	D
Employee Stock Option (right to buy)^F6,F1	$13.01	Nov 11, 2016	M	7,306	D	Jun 1, 2010	Jun 1, 2019	Common Stock	7,306	0	D
Employee Stock Option (right to buy)^F1	$22.15	holding	—	—	—	Dec 10, 2010	Dec 10, 2019	Common Stock	10,000	10,000	D
Employee Stock Option (right to buy)^F1	$31.19	holding	—	—	—	Jun 1, 2011	Jun 1, 2020	Common Stock	10,000	10,000	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	Common Stock	6,800	6,800	D
Employee Stock Option^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
F22,340 shares sold at an average price of $105.51, 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.
F33,660 shares sold at an average price of $105.98, with a range of $105.75 to $106.25, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F43,400 shares sold at an average price of $106.00, with a range of $105.53 to $106.10, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F53,510 option shares exercised on 11/10/16 and 4,916 option shares exercised 11/11/2016 as indicated in Table 1.
F61,244 option shares exercised on 11/11/16 and 6,062 option shares exercised 11/14/2016 as indicated in Table 1.