MACKENZIE KIRK A exercised options at WINMARK CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

MACKENZIE KIRK A

Filed: 11/14/2018ACC: 0001179110-18-012838

InsiderMACKENZIE KIRK ACIK 900705

→

IssuerWINMARK CORPCIK 908315

Director

Since Nov 2018

0.00

Net shares

Net seller

$25.5K

Total acquired

Open market trades

0B · 0S

Total transactions

2K acquired · 2K disposed

Non-Derivative Transactions1

Common Stock

Direct

M · Option Exercise

+2K

Price / share

$12.75

Trade value

$25.50K

% of position

New position

11/14/2018

0.00→2K

Total

Net shares

+2K

Net value

$25.50K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	11/14/2018	M · Option Exercise	+2K	$12.75	$25.50K	New position	0.00	2K
Total			+2K		$25.50K

Derivative Transactions1

Non-Employee Director Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

2K shares

−2K

Strike price

12.75

Held after

0.00

Exercisable

—

11/14/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Non-Employee Director Stock Option (right to buy) Direct	Common Stock2K shares	11/14/2018	M · Option Exercise	−2K	12.75	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned29.10K

Total

29.10K indirect29.10K

Security Title	Shares Owned	Ownership Type
Common Stock	29.10K	Indirect
Total	29.10K	29.10K indirect

Derivative Holdings (Post-Transaction)19

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

32.92

Expiration

—

Exercise window

—

Non-Employee Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

59.77

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

800.00

Shares owned

800.00

Exercise price

125.50

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

800.00

Shares owned

800.00

Exercise price

134.25

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

800.00

Shares owned

800.00

Exercise price

98.25

Expiration

—

Exercise window

—

Non-Employee Directors Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

13.01

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

800.00

Shares owned

800.00

Exercise price

90.99

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to own)

Direct

Underlying security

Common Stock

Underlying shares

800.00

Shares owned

800.00

Exercise price

143.20

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

66.29

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

37.76

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

51.17

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

80.32

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

800.00

Shares owned

800.00

Exercise price

91.93

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

31.19

Expiration

—

Exercise window

—

Nonemployee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

22.15

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

55.72

Expiration

—

Exercise window

—

Nonemployee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

53.34

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

82.72

Expiration

—

Exercise window

—

Non-Employee Director Stock Option (right to buy)

Direct

Underlying security

Common Stock

Underlying shares

800.00

Shares owned

800.00

Exercise price

122.50

Expiration

—

Exercise window

—

Total

Underlying

17.60K

Owned

17.60K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	32.92	—	—	1K	1K
Non-Employee Stock Option (right to buy) Direct	Common Stock	59.77	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	125.50	—	—	800.00	800.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	134.25	—	—	800.00	800.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	98.25	—	—	800.00	800.00
Non-Employee Directors Stock Option (right to buy) Direct	Common Stock	13.01	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	90.99	—	—	800.00	800.00
Non-Employee Director Stock Option (right to own) Direct	Common Stock	143.20	—	—	800.00	800.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	66.29	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	37.76	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	51.17	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	80.32	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	91.93	—	—	800.00	800.00
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	31.19	—	—	1K	1K
Nonemployee Director Stock Option (right to buy) Direct	Common Stock	22.15	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	55.72	—	—	1K	1K
Nonemployee Director Stock Option (right to buy) Direct	Common Stock	53.34	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	82.72	—	—	1K	1K
Non-Employee Director Stock Option (right to buy) Direct	Common Stock	122.50	—	—	800.00	800.00
Total					17.60K	17.60K