SEC Form 4 · accession 0001179110-17-006130

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

Apr 19, 2017

Accepted (ET)

Apr 20, 2017 · 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	Apr 19, 2017	M	7,000	$20.96	A	9,003	D
Common Stock^F2	Apr 19, 2017	S	3,000	$125.00	D	6,003	D
Common Stock^F3	Apr 19, 2017	F	1,185	$123.80	D	47,344	I	by Zola Living Trust
Common Stock	holding	—	—		—	500	I	Child 1

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)^F1	$20.96	Apr 19, 2017	M	7,000	D	Dec 13, 2008	Dec 13, 2017	Common Stock	17,686	10,686	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
Employee Stock Option (right to buy)^F1	$125.50	holding	—	—	—	Dec 12, 2017	Dec 12, 2026	Common Stock	5,000	5,000	D

Explanation of responses

F125% per year for 4 years
F23,000 shares sold at a price of $125.00 to cover taxes due on option exercises included on this Form 4.
F31,185 shares delivered in payment of exercise price of option exercise included on this Form 4, valued at the closing price of the shares on April 19, 2017 of $123.80.