SEC Form 4 · accession 0001603715-16-000007
WINMARK CORP · WINA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nine Ten Capital Management LLC
10% Owner
Period of report
Sep 16, 2016
Accepted (ET)
Sep 20, 2016 · 11:56 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, no par valueF1,F2 | Sep 16, 2016 | S | 274 | $108.02 | D | 459,109 | I | by Nine Ten Partners LP |
| Common Stock, no par valueF3 | holding | — | — | — | 2,512 | D | ||
| Common Stock, no par valueF4 | holding | — | — | — | 208 | D | ||
| Common Stock, no par valueF5 | holding | — | — | — | 100 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 3 is filed jointly by Nine Ten Partners LP ("NT Fund"), Nine Ten Capital Management LLC ("NTCM"), Brian Bares, James Bradshaw and Russell Mollen (collectively, the "Reporting Persons"). Each Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or her pecuniary interest therein.
- F2Shares of Common Stock are owned directly by NT Fund. NTCM is the investment manager of NT Fund and may be deemed to have beneficial ownership over the shares of Common Stock owned directly by NT Fund by virtue of the sole and exclusive authority granted to NTCM by NT Fund to vote and dispose of the shares of Common Stock owned directly by NT Fund. As the Managing Members of NTCM, each of Messrs. Bares, Bradshaw and Mollen may be deemed to beneficially own the shares of Common Stock owned directly by NT Fund.
- F3These share of Common Stock are owned directly by Mr. Bares.
- F4These share of Common Stock are owned directly by Mr. Bradshaw.
- F5These share of Common Stock are owned directly by Mr. Mollen.