Olson Ronald G Form 5 WINMARK / RONALD G OLSON ownership change

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

X

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

OLSON RONALD G

(Last) (First) (Middle)

1630 NORTH RIDGE DRIVE

(Street)

WAYZATA MN 55391

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WINMARK CORP [ WINA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
Common Stock	12/21/2012		G5	60	D	$0	466,290(1)	D
Common Stock	03/03/2015		G5	52,296	D	$0	413,994	D
Common Stock	06/03/2015		S4	2,084	D	$93.44	411,910	D
Common Stock	12/05/2016		G5	1,098	D	$0	410,812	D
Common Stock	08/02/2018		S4	700	D	$147.5	410,112	D
Common Stock	09/25/2018		G5	3,200	D	$0	406,912	D
Common Stock	12/06/2018		G5	894	D	$0	406,018	D
Common Stock	02/07/2019		G	270,573	D	$0	135,445	D
Common Stock	02/07/2019		G	270,573	A	$0	270,573	I	By Trust #1
Common Stock	10/27/2019		G	774	D	$0	134,671	D
Common Stock	12/09/2019		G	37,732	D	$0	232,841	I	By Trust #1
Common Stock	12/09/2019		G	37,732	A	$0	37,732	I	By Trust #2
Common Stock	12/24/2019		G	3,333	D	$0	131,338	D
Common Stock							1,400(2)	I	By Wife

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Prior to 2000, 2,548 shares held by the Reporting Person were disposed of by undeterminable transaction(s). The total amount held has been adjusted to reflect the Reporting Person's actual holdings.

2. Prior to 2000, 100 shares held by the Reporting Person's spouse were disposed of by undeterminable transaction(s). The total amount held has been adjusted to reflect the Reporting Person's spouse's actual holdings.

Remarks:

	/s/ Ron Olson	01/15/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.