SEC Form 4 · accession 0001179110-18-010037

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

Jul 31, 2018

Accepted (ET)

Aug 1, 2018 · 10:33 am 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	Jul 31, 2018	M	9,250	$53.34	A	125,650	D
Common Stock^F2	Jul 31, 2018	S	1,197	$147.19	D	124,453	D
Common Stock^F3	Jul 31, 2018	S	7,007	$145.96	D	117,446	D
Common Stock	Jul 31, 2018	M	1,954	$51.17	A	119,400	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)^F1	$53.34	Jul 31, 2018	M	9,250	D	Dec 8, 2012	Dec 8, 2021	Common Stock	9,250	0	D
Employee Stock Option (right to buy)^F1	$51.17	Jul 31, 2018	M	1,954	D	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	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
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
Employee Stock Option (right to buy)^F1	$143.20	holding	—	—	—	Jun 1, 2019	Jun 1, 2028	Common Stock	5,000	5,000	D

Explanation of responses

F125% per year for four years.
F21,197 shares sold at an average price of $147.19, with a range of $147.00 to $147.63, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F37,007 shares sold at an average price of $145.96, with a range of $145.96 to $146.35, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.