SEC Form 4 · accession 0001603715-16-000008

WINMARK CORP · WINA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

10% Owner

Period of report

Oct 31, 2016

Accepted (ET)

Nov 2, 2016 · 4:15 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, no par value^F1,F2	Oct 31, 2016	S	100	$108.00	D	459,009	I	by Nine Ten Partners LP
Common Stock, no par value^F1,F2	Nov 1, 2016	S	1,100	$106.05	D	457,909	I	by Nine Ten Partners LP
Common Stock, no par value^F3	holding	—	—		—	2,512	D
Common Stock, no par value^F4	holding	—	—		—	208	D
Common Stock, no par value^F5	holding	—	—		—	100	D

No Table II lines on this filing.

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.