SEC Form 4 · accession 0001179110-18-013322

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

Nov 28, 2018

Accepted (ET)

Nov 30, 2018 · 4:46 pm EST

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	Nov 28, 2018	M	1,344	$51.17	A	120,744	D
Common Stock^F2	Nov 28, 2018	S	1,344	$150.61	D	119,400	D
Common Stock	Nov 28, 2018	M	673	$59.77	A	120,073	D
Common Stock	Nov 28, 2018	M	27	$66.29	A	120,100	D
Common Stock	Nov 29, 2018	M	656	$51.17	A	120,756	D
Common Stock^F3	Nov 29, 2018	S	656	$150.55	D	120,100	D
Common Stock	Nov 29, 2018	M	300	$66.29	A	120,400	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	$51.17	Nov 28, 2018	M	2,000	D	Jun 1, 2013	Jun 1, 2022	Common Stock	5,413	3,413	D
Employee Stock Option (right to buy)^F1	$59.77	Nov 28, 2018	M	673	D	Jun 1, 2014	Jun 1, 2023	Common Stock	8,250	7,577	D
Employee Stock Option (right to buy)^F5,F1	$66.29	Nov 28, 2018	M	327	D	Jun 1, 2015	Jun 1, 2024	Common Stock	8,500	8,173	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	$82.72	holding	—	—	—	Dec 16, 2014	Dec 16, 2023	Common Stock	9,250	9,250	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.
F21,344 shares sold at an average price of $150.61, with a range of $150.50 to $151.00, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F3656 shares sold at an average price of $150.55, with a range of $150.50 to $150.82, to cover payment of exercise price of and taxes due on option exercises included on this Form 4.
F41,344 option shares exercised 11/28/18 and 656 option shares exercised 11/29/18 as indicated in Table 1.
F527 option shares exercised 11/28/18 and 300 option shares exercised 11/29/18 as indicated in Table 1.