Winmark Corporation
US ˙ NasdaqGM ˙ US9742501029

Introduction

This page provides a comprehensive analysis of the known insider trading history of Steven Murphy. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Steven Murphy has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:WINA / Winmark Corporation President of Franchising 4,000
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Steven Murphy. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases WINA / Winmark Corporation - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in WINA / Winmark Corporation. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

WINA / Winmark Corporation Insider Trades
Insider Sales WINA / Winmark Corporation - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in WINA / Winmark Corporation. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2019-07-30 WINA MURPHY STEVEN 1,206 169.0000 1,206 169.0000 203,814 246 115.1200 -64,979 -31.88
2019-07-22 WINA MURPHY STEVEN 1,335 166.0000 1,335 166.0000 221,610
2019-07-19 WINA MURPHY STEVEN 459 167.2200 459 167.2200 76,754
2019-07-18 WINA MURPHY STEVEN 1,750 172.4400 1,750 172.4400 301,770
2019-07-18 WINA MURPHY STEVEN 900 171.4400 900 171.4400 154,296
2019-07-18 WINA MURPHY STEVEN 350 169.8800 350 169.8800 59,458
2019-05-14 WINA MURPHY STEVEN 1,477 177.1500 1,477 177.1500 261,651
2019-05-14 WINA MURPHY STEVEN 300 176.0700 300 176.0700 52,821
2019-05-14 WINA MURPHY STEVEN 400 175.0200 400 175.0200 70,008
2019-05-14 WINA MURPHY STEVEN 3,823 174.3300 3,823 174.3300 666,464
2018-10-30 WINA MURPHY STEVEN 1,500 153.5000 1,500 153.5000 230,250
2018-10-30 WINA MURPHY STEVEN 3,053 152.1200 3,053 152.1200 464,422
2018-10-30 WINA MURPHY STEVEN 2 150.0000 2 150.0000 300
2018-07-31 WINA MURPHY STEVEN 100 146.8800 100 146.8800 14,688
2018-07-31 WINA MURPHY STEVEN 1,457 145.2200 1,457 145.2200 211,586
2018-07-31 WINA MURPHY STEVEN 2,943 144.5100 2,943 144.5100 425,293
2018-04-30 WINA MURPHY STEVEN 10 132.3500 10 132.3500 1,324
2018-04-26 WINA MURPHY STEVEN 100 135.1000 100 135.1000 13,510
2018-04-26 WINA MURPHY STEVEN 1,275 133.5200 1,275 133.5200 170,238
2017-08-22 WINA MURPHY STEVEN 1,526 129.1300 1,526 129.1300 197,052
2017-08-22 WINA MURPHY STEVEN 474 128.4100 474 128.4100 60,866
2017-08-21 WINA MURPHY STEVEN 1,000 129.8500 1,000 129.8500 129,850
2017-05-02 WINA MURPHY STEVEN 3,000 130.0000 3,000 130.0000 390,000
2017-05-01 WINA MURPHY STEVEN 9,000 129.1800 9,000 129.1800 1,162,620
2016-11-14 WINA MURPHY STEVEN 3,400 106.0000 3,400 106.0000 360,400
2016-11-11 WINA MURPHY STEVEN 3,660 105.9800 3,660 105.9800 387,887
2016-11-10 WINA MURPHY STEVEN 2,340 105.5100 2,340 105.5100 246,893
2013-07-25 WINA MURPHY STEVEN 50,000 70.5000 50,000 70.5000 3,525,000

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

WINA / Winmark Corporation Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Steven Murphy as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2019-12-16 2019-12-16 4 WINA WINMARK CORP
Employee Stock Option 		A - Award 4,000 4,000 176.20 704,800 704,800
2019-07-30 2019-07-30 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -1,608 2,250 -41.68 55.72 -89,598 125,370
2019-07-30 2019-07-30 4 WINA WINMARK CORP
Common Stock 		M - Exercise 402 402 55.72 22,399 22,399
2019-07-30 2019-07-30 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,206 0 -100.00 169.00 -203,814
2019-07-30 2019-07-30 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,206 1,206 55.72 67,198 67,198
2019-07-22 2019-07-22 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,598 1,598 55.72 89,041 89,041
2019-07-22 2019-07-22 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,335 0 -100.00 166.00 -221,610
2019-07-22 2019-07-22 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,335 1,335 55.72 74,386 74,386
2019-07-22 2019-07-19 4 WINA WINMARK CORP
Common Stock 		S - Sale -459 0 -100.00 167.22 -76,754
2019-07-22 2019-07-19 4 WINA WINMARK CORP
Common Stock 		M - Exercise 459 459 55.72 25,575 25,575
2019-07-22 2019-07-18 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -5,096 3,858 -56.91 55.72 -283,949 214,968
2019-07-22 2019-07-18 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -1,296 0 -100.00 51.17 -66,316
2019-07-22 2019-07-18 4 WINA WINMARK CORP
Common Stock 		S - Sale -350 0 -100.00 169.88 -59,458
2019-07-22 2019-07-18 4 WINA WINMARK CORP
Common Stock 		S - Sale -900 350 -72.00 171.44 -154,296 60,004
2019-07-22 2019-07-18 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,750 1,250 -58.33 172.44 -301,770 215,550
2019-07-22 2019-07-18 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,704 3,000 131.48 55.72 94,947 167,160
2019-07-22 2019-07-18 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,296 1,296 51.17 66,316 66,316
2019-06-03 2019-06-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 4,000 4,000 164.84 659,360 659,360
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -296 8,954 -3.20 55.72 -16,493 498,917
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -6,000 1,296 -82.24 51.17 -307,020 66,316
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -1,704 0 -100.00 53.34 -90,891
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Common Stock 		M - Exercise 296 2,000 17.37 55.72 16,493 111,440
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,704 1,704 53.34 90,891 90,891
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Common Stock 		S - Sale -3,823 0 -100.00 174.33 -666,464
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Common Stock 		S - Sale -400 3,823 -9.47 175.02 -70,008 669,101
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Common Stock 		S - Sale -300 4,223 -6.63 176.07 -52,821 743,544
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,477 4,523 -24.62 177.15 -261,651 801,249
2019-05-15 2019-05-14 4 WINA WINMARK CORP
Common Stock 		M - Exercise 6,000 6,000 51.17 307,020 307,020
2018-12-11 2018-12-11 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 5,000 5,000 156.00 780,000 780,000
2018-12-11 2018-12-07 4 WINA WINMARK CORP
Common Stock 		G - Gift -1,000 96,512 -1.03
2018-10-30 2018-10-30 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -660 7,296 -8.30 51.17 -33,772 373,336
2018-10-30 2018-10-30 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -4,555 1,704 -72.78 53.34 -242,964 90,891
2018-10-30 2018-10-30 4 WINA WINMARK CORP
Common Stock 		M - Exercise 660 660 51.17 33,772 33,772
2018-10-30 2018-10-30 4 WINA WINMARK CORP
Common Stock 		S - Sale -2 0 -100.00 150.00 -300
2018-10-30 2018-10-30 4 WINA WINMARK CORP
Common Stock 		S - Sale -3,053 2 -99.93 152.12 -464,422 304
2018-10-30 2018-10-30 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,500 3,055 -32.93 153.50 -230,250 468,942
2018-10-30 2018-10-30 4 WINA WINMARK CORP
Common Stock 		M - Exercise 4,555 4,555 53.34 242,964 242,964
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -650 7,956 -7.55 51.17 -33,260 407,109
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -2,754 6,259 -30.56 53.34 -146,898 333,855
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -1,746 0 -100.00 37.76 -65,929
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Common Stock 		M - Exercise 650 650 51.17 33,260 33,260
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Common Stock 		S - Sale -2,943 0 -100.00 144.51 -425,293
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,457 2,943 -33.11 145.22 -211,586 427,382
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Common Stock 		S - Sale -100 4,400 -2.22 146.88 -14,688 646,272
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Common Stock 		M - Exercise 2,754 4,500 157.73 53.34 146,898 240,030
2018-07-31 2018-07-31 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,746 1,746 37.76 65,929 65,929
2018-06-01 2018-06-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 5,000 5,000 143.20 716,000 716,000
2018-04-30 2018-04-30 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -250 8,606 -2.82 51.17 -12,792 440,369
2018-04-30 2018-04-30 4 WINA WINMARK CORP
Common Stock 		M - Exercise 250 250 51.17 12,792 12,792
2018-04-30 2018-04-30 4 WINA WINMARK CORP
Common Stock 		S - Sale -10 0 -100.00 132.35 -1,324
2018-04-30 2018-04-30 4 WINA WINMARK CORP
Common Stock 		M - Exercise 10 10 37.76 378 378
2018-04-30 2018-04-26 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -1,385 1,746 -44.24 37.76 -52,298 65,929
2018-04-30 2018-04-26 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,275 0 -100.00 133.52 -170,238
2018-04-30 2018-04-26 4 WINA WINMARK CORP
Common Stock 		S - Sale -100 1,275 -7.27 135.10 -13,510 172,252
2018-04-30 2018-04-26 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,375 1,375 37.76 51,920 51,920
2017-12-11 2017-12-11 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 5,000 5,000 134.25 671,250 671,250
2017-10-23 2017-10-23 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -394 8,856 -4.26 51.17 -20,161 453,162
2017-10-23 2017-10-23 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -237 9,013 -2.56 53.34 -12,642 480,753
2017-10-23 2017-10-23 4 WINA WINMARK CORP
Common Stock 		S - Sale X -453 2,000 -18.47 129.75 -58,777 259,500
2017-10-23 2017-10-23 4 WINA WINMARK CORP
Common Stock 		M - Exercise 394 2,453 19.14 51.17 20,161 125,520
2017-10-23 2017-10-23 4 WINA WINMARK CORP
Common Stock 		M - Exercise 237 2,059 13.01 53.34 12,642 109,827
2017-10-23 2017-10-23 4 WINA WINMARK CORP
Common Stock 		M - Exercise 822 1,822 82.20 37.76 31,039 68,799
2017-10-23 2017-10-23 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,000 1,000 31.19 31,190 31,190
2017-10-23 2017-10-20 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -3,369 3,131 -51.83 37.76 -127,213 118,227
2017-10-23 2017-10-20 4 WINA WINMARK CORP
Common Stock 		S - Sale X -500 0 -100.00 131.52 -65,760
2017-10-23 2017-10-20 4 WINA WINMARK CORP
Common Stock 		S - Sale X -2,182 500 -81.36 133.47 -291,232 66,735
2017-10-23 2017-10-20 4 WINA WINMARK CORP
Common Stock 		S - Sale X -100 2,682 -3.59 135.10 -13,510 362,338
2017-10-23 2017-10-20 4 WINA WINMARK CORP
Common Stock 		M - Exercise 2,547 2,782 1,083.83 37.76 96,175 105,048
2017-10-23 2017-10-20 4 WINA WINMARK CORP
Common Stock 		M - Exercise 235 235 31.19 7,330 7,330
2017-10-23 2017-10-19 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -4,000 0 -100.00 31.19 -124,760
2017-10-23 2017-10-19 4 WINA WINMARK CORP
Common Stock 		S - Sale X -2,765 0 -100.00 134.02 -370,565
2017-10-23 2017-10-19 4 WINA WINMARK CORP
Common Stock 		M - Exercise 2,765 2,765 31.19 86,240 86,240
2017-08-23 2017-08-22 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -2,000 4,000 -33.33 31.19 -62,380 124,760
2017-08-23 2017-08-22 4 WINA WINMARK CORP
Common Stock 		S - Sale -474 1,000 -32.16 128.41 -60,866 128,410
2017-08-23 2017-08-22 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,526 1,474 -50.87 129.13 -197,052 190,338
2017-08-23 2017-08-22 4 WINA WINMARK CORP
Commont Stock 		M - Exercise 2,000 3,000 200.00 31.19 62,380 93,570
2017-08-23 2017-08-22 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,000 1,000 22.15 22,150 22,150
2017-08-23 2017-08-21 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -2,000 0 -100.00 22.15 -44,300
2017-08-23 2017-08-21 4 WINA WINMARK CORP
Common Stock 		S - Sale -1,000 0 -100.00 129.85 -129,850
2017-08-23 2017-08-21 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,000 1,000 22.15 22,150 22,150
2017-06-01 2017-06-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 5,000 5,000 122.50 612,500 612,500
2017-05-03 2017-05-02 4 WINA WINMARK CORP
Common Stock 		S - Sale -3,000 4,000 -42.86 130.00 -390,000 520,000
2017-05-03 2017-05-02 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,806 7,000 34.77 37.76 68,195 264,320
2017-05-03 2017-05-02 4 WINA WINMARK CORP
Common Stock 		M - Exercise 2,194 5,194 73.13 32.92 72,226 170,986
2017-05-03 2017-05-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -2,750 6,500 -29.73 37.76 -103,840 245,440
2017-05-03 2017-05-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -9,250 0 -100.00 32.92 -304,510
2017-05-03 2017-05-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -4,000 6,000 -40.00 31.19 -124,760 187,140
2017-05-03 2017-05-01 4 WINA WINMARK CORP
Common Stock 		S - Sale -9,000 3,000 -75.00 129.18 -1,162,620 387,540
2017-05-03 2017-05-01 4 WINA WINMARK CORP
Common Stock 		M - Exercise 944 12,000 8.54 37.76 35,645 453,120
2017-05-03 2017-05-01 4 WINA WINMARK CORP
Common Stock 		M - Exercise 7,056 11,056 176.40 32.92 232,284 363,964
2017-05-03 2017-05-01 4 WINA WINMARK CORP
Common Stock 		M - Exercise 4,000 4,000 31.19 124,760 124,760
2017-04-20 2017-04-21 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -4,000 2,000 -66.67 22.15 -88,600 44,300
2017-04-20 2017-04-20 4 WINA WINMARK CORP
Common Stock 		S - Sale X -3,000 1,000 -75.00 124.01 -372,030 124,010
2017-04-20 2017-04-20 4 WINA WINMARK CORP
Common Stock 		M - Exercise 4,000 4,000 22.15 88,600 88,600
2017-03-03 2017-03-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -4,000 6,000 -40.00 22.15 -88,600 132,900
2017-03-03 2017-03-01 4 WINA WINMARK CORP
Common Stock 		S - Sale X -800 1,000 -44.44 113.00 -90,400 113,000
2017-03-03 2017-03-01 4 WINA WINMARK CORP
Common Stock 		S - Sale X -2,200 1,800 -55.00 114.05 -250,910 205,290
2017-03-03 2017-03-01 4 WINA WINMARK CORP
Common Stock 		M - Exercise 4,000 4,000 22.15 88,600 88,600
2016-12-12 2016-12-12 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 5,000 5,000 125.50 627,500 627,500
2016-11-14 2016-11-14 4 WINA WINMARK CORP
Common Stock 		S - Sale -3,400 86,952 -3.76 106.00 -360,400 9,216,912
2016-11-14 2016-11-14 4 WINA WINMARK CORP
Common Stock 		M - Exercise 6,062 90,352 7.19 13.01 78,867 1,175,480
2016-11-14 2016-11-11 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -7,306 0 -100.00 13.01 -95,051
2016-11-14 2016-11-11 4 WINA WINMARK CORP
Common Stock 		S - Sale -3,660 84,290 -4.16 105.98 -387,887 8,933,054
2016-11-14 2016-11-11 4 WINA WINMARK CORP
Common Stock 		M - Exercise 1,244 87,950 1.43 13.01 16,184 1,144,230
2016-11-14 2016-11-11 4 WINA WINMARK CORP
Common Stock 		M - Exercise 4,916 86,706 6.01 12.75 62,679 1,105,502
2016-11-14 2016-11-10 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -8,426 0 -100.00 12.75 -107,432
2016-11-14 2016-11-10 4 WINA WINMARK CORP
Common Stock 		S - Sale -2,340 81,790 -2.78 105.51 -246,893 8,629,663
2016-11-14 2016-11-10 4 WINA WINMARK CORP
Common Stock 		M - Exercise 3,510 84,130 4.35 12.75 44,752 1,072,658
2016-06-01 2016-06-01 4 WINA WINMARK CORP
Employee Stock Option 		A - Award 5,000 5,000 98.25 491,250 491,250
2015-12-14 2015-12-14 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 6,800 6,800 90.99 618,732 618,732
2015-06-01 2015-06-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 6,800 6,800 91.93 625,124 625,124
2014-12-15 2014-12-15 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 8,500 8,500 80.32 682,720 682,720
2014-06-02 2014-06-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 8,500 8,500 66.29 563,465 563,465
2013-12-16 2013-12-16 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 9,250 9,250 82.72 765,160 765,160
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -2,694 7,306 -26.94 13.01 -35,049 95,051
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -7,574 8,426 -47.34 12.75 -96,568 107,432
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -11,250 0 -100.00 16.52 -185,850
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -22,500 0 -100.00 20.96 -471,600
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -19,500 0 -100.00 20.32 -396,240
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -10,000 0 -100.00 20.46 -204,600
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Employee Stock Option 		M - Exercise -10,000 0 -100.00 26.05 -260,500
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Common Stock 		M - Exercise 2,694 80,620 3.46 13.01 35,049 1,048,866
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Common Stock 		S - Sale -50,000 77,926 -39.09 70.50 -3,525,000 5,493,783
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Common Stock 		M - Exercise 7,574 127,926 6.29 12.75 96,568 1,631,056
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Common Stock 		M - Exercise 11,250 120,352 10.31 16.52 185,850 1,988,215
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Common Stock 		M - Exercise 22,500 109,102 25.98 20.96 471,600 2,286,778
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Common Stock 		M - Exercise 19,500 86,602 29.06 20.32 396,240 1,759,753
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Common Stock 		M - Exercise 10,000 67,102 17.51 20.46 204,600 1,372,907
2013-07-29 2013-07-25 4 WINA WINMARK CORP
Common Stock 		M - Exercise 10,000 57,102 21.23 26.05 260,500 1,487,507
2013-06-04 2013-06-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 9,250 9,250 59.77 552,872 552,872
2012-12-13 2012-12-13 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 9,250 9,250 55.72 515,410 515,410
2012-08-30 2012-08-30 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		M - Exercise -10,000 0 -100.00 18.25 -182,500
2012-08-30 2012-08-30 4 WINA WINMARK CORP
Common Stock 		M - Exercise 10,000 47,102 26.95 18.25 182,500 859,612
2012-06-05 2012-06-01 4 WINA WINMARK CORP
Employee Stock Option (right to buy) 		A - Award 9,250 9,250 51.17 473,322 473,322
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)