SEC Form 4 · accession 0001179110-18-005827

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, 2018

Accepted (ET)

Apr 23, 2018 · 6:50 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, 2018	S	1,000	$132.00	D	57,536	I	by Zola Living Trust
Common Stock^F2	Apr 20, 2018	S	1,207	$132.02	D	56,329	I	by Zola Living Trust
Common Stock^F3	Apr 23, 2018	S	1,352	$131.91	D	54,977	I	by Zola Living Trust
Common Stock	holding	—	—		—	2,003	D
Common Stock	holding	—	—		—	600	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	$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	8,581	8,581	D
Employee Stock Option (right to buy)^F1	$37.76	holding	—	—	—	Jun 1, 2012	Jun 1, 2021	Common Stock	9,250	6,937	D
Employee Stock Option (right to buy)^F1	$53.34	holding	—	—	—	Dec 8, 2012	Dec 8, 2021	Common Stock	9,250	9,013	D
Employee Stock Option (right to buy)^F1	$51.17	holding	—	—	—	Jun 1, 2013	Jun 1, 2022	Common Stock	9,250	7,296	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	7,577	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
Employee Stock Option (right to buy)^F1	$122.50	holding	—	—	—	Jun 1, 2018	Jun 1, 2027	Common Stock	5,000	5,000	D
Employee Stock Option (right to buy)^F1	$134.25	holding	—	—	—	Dec 11, 2018	Dec 11, 2027	Common Stock	5,000	5,000	D

Explanation of responses

F125% per year for 4 years
F21,207 shares sold at an average price of $132.02, with a range of $132.00 to $132.10.
F31,352 shares sold at an average price of $131.91, with a range of $131.90 to $131.95.