SEC Form 4 · accession 0001179110-18-010667

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

Aug 15, 2018

Accepted (ET)

Aug 17, 2018 · 3:59 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	Aug 15, 2018	M	4,000	$12.75	A	6,003	D
Common Stock	Aug 15, 2018	S	2,524	$147.50	D	3,479	D
Common Stock	Aug 16, 2018	M	1,786	$12.75	A	5,265	D
Common Stock	Aug 16, 2018	M	2,306	$13.01	A	7,571	D
Common Stock^F2	Aug 16, 2018	S	3,500	$148.48	D	4,071	D
Common Stock	Aug 17, 2018	M	1,500	$13.01	A	5,571	D
Common Stock^F5	Aug 17, 2018	S	1,230	$148.47	D	4,341	D
Common Stock	Jul 13, 2018	G	600	$0.00	D	57,636	I	by Zola Livng Trust
Common Stock	holding	—	—		—	800	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)^F3,F1	$12.75	Aug 15, 2018	M	5,786	D	Dec 11, 2009	Dec 11, 2018	Common Stock	5,786	0	D
Employee Stock Option (right to buy)^F4,F1	$13.01	Aug 16, 2018	M	3,806	D	Jun 1, 2010	Jun 1, 2019	Common Stock	7,306	3,500	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	6,937	6,937	D
Employee Stock Option (right to buy)^F1	$53.34	holding	—	—	—	Dec 8, 2012	Dec 8, 2021	Common Stock	9,013	9,013	D
Employee Stock Option (right to buy)^F1	$51.17	holding	—	—	—	Jun 1, 2013	Jun 1, 2022	Common Stock	7,296	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	7,577	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
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 4 years
F23,500 shares sold at an average price of $148.48, with a range of $148.00 to $149.00, to cover payment of a portion of the taxes due on option exercise included on this Form 4.
F34,000 shares exercised on 8/15/18 and 1,786 shares exercised on 8/16/18 as noted in Table 1.
F42,306 shares exercised on 8/16/18 and 1,500 shares exercised on 8/17/18 as noted in Table 1.
F51,230 shares sold at an average price of $148.47, with a range of $148.00 to $148.55, to cover payment of a portion of the taxes due on option exercise included on this Form 4.