SEC Form 4 · accession 0001179110-17-013418
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
Oct 19, 2017
Accepted (ET)
Oct 23, 2017 · 5:09 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 19, 2017 | M | 2,765 | $31.19 | A | 2,765 | D | |
| Common StockF3 | Oct 19, 2017 | S | 2,765 | $134.02 | D | 0 | D | |
| Common Stock | Oct 20, 2017 | M | 235 | $31.19 | A | 235 | D | |
| Common Stock | Oct 20, 2017 | M | 2,547 | $37.76 | A | 2,782 | D | |
| Common StockF4 | Oct 20, 2017 | S | 100 | $135.10 | D | 2,682 | D | |
| Common StockF5 | Oct 20, 2017 | S | 2,182 | $133.47 | D | 500 | D | |
| Common StockF6 | Oct 20, 2017 | S | 500 | $131.52 | D | 0 | D | |
| Common Stock | Oct 23, 2017 | M | 1,000 | $31.19 | A | 1,000 | D | |
| Common Stock | Oct 23, 2017 | M | 822 | $37.76 | A | 1,822 | D | |
| Common Stock | Oct 23, 2017 | M | 237 | $53.34 | A | 2,059 | D | |
| Common Stock | Oct 23, 2017 | M | 394 | $51.17 | A | 2,453 | D | |
| Common StockF7 | Oct 23, 2017 | S | 453 | $129.75 | D | 2,000 | D | |
| Common Stock | holding | — | — | — | 93,952 | I | By Trust | |
| 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)F8,F1 | $31.19 | Oct 19, 2017 | M | 4,000 | D | Jun 1, 2011 | Jun 1, 2020 | Common Stock | 4,000 | 0 | D |
| Employee Stock Option (right to buy)F9,F1 | $37.76 | Oct 20, 2017 | M | 3,369 | D | Jun 1, 2012 | Jun 1, 2021 | Common Stock | 6,500 | 3,131 | D |
| Employee Stock Option (right to buy)F1 | $53.34 | Oct 23, 2017 | M | 237 | D | Dec 8, 2012 | Dec 8, 2021 | Common Stock | 9,250 | 9,013 | D |
| Employee Stock Option (right to buy)F1 | $51.17 | Oct 23, 2017 | M | 394 | D | Jun 1, 2013 | Jun 1, 2022 | Common Stock | 9,250 | 8,856 | 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 OptionF1 | $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 |
| Employee Stock Option (right to buy)F1 | $122.50 | holding | — | — | — | Jun 1, 2018 | Jun 1, 2027 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F125% per year for 4 years
- F2Sale effected pursuant to a 10b5-1 Plan established by the reporting person on November 23, 2016.
- F32,765 shares sold at an average price of $134.02, with a range of $133.85 to $134.65, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
- F4100 shares sold at an average price of $135.10 to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
- F52,182 shares sold at an average price of $133.47, with a range of $133.00 to $134.00, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
- F6500 shares sold at an average price of $131.52, with a range of $131.20 to $132.00, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
- F7453 shares sold at an average price of $129.75, with a range of $129.65 to $130.20, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
- F82,765 option shares exercised 10/19/2017, 235 option shares exercised 10/20/2017 and 1,000 option shares exercised 10/23/17 as indicated in Table 1.
- F92,547 option shares exercised 10/20/2017 and 822 option shares exercised 10/23/2017 as indicated in Table 1.