SEC Form 4 · accession 0001179110-17-006317
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
Apr 27, 2017
Accepted (ET)
May 1, 2017 · 4:26 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 27, 2017 | M | 7,400 | $37.76 | A | 122,400 | D | |
| Common StockF2 | Apr 27, 2017 | S | 5,500 | $130.03 | D | 116,900 | D | |
| Common Stock | Apr 28, 2017 | M | 1,850 | $37.76 | A | 118,750 | D | |
| Common StockF3 | Apr 28, 2017 | S | 1,350 | $130.00 | D | 117,400 | 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)F4,F1 | $37.76 | Apr 27, 2017 | M | 9,250 | D | Jun 1, 2012 | Jun 1, 2021 | Common Stock | 9,250 | 0 | 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 |
| 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 four years.
- F25,500 shares sold at an average price of $130.03, with a range of $130.00 to $130.98, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
- F31,350 shares sold at a price of $130.00 to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
- F47,400 option shares exercised 4/27/2017 and 1,850 option shares exercised 4/28/2017 as indicated in Table 1.