SEC Form 4 · accession 0001144204-18-007997
Good Times Restaurants Inc. · GTIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Feb 8, 2018 | P | 400 | $2.35 | A | 20,500 | I | By SLKW Investments LLC |
| CommonF1 | Feb 9, 2018 | P | 1,700 | $2.3417 | A | 22,200 | I | By SLKW Investments LLC |
| CommonF1 | Feb 12, 2018 | P | 2 | $2.45 | A | 22,202 | I | By SLKW Investments LLC |
| Common | holding | — | — | — | 103,894 | D | ||
| CommonF2 | holding | — | — | — | 440,000 | I | By REIT Redux, LLC | |
| CommonF3 | holding | — | — | — | 24,000 | I | By Leanlien, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock OptionF4 | $7.79 | holding | — | — | — | — | Mar 13, 2025 | Common | 7,060 | 7,060 | D |
| Non Qualified Stock OptionF5 | $5.29 | holding | — | — | — | — | Nov 23, 2025 | Common | 3,781 | 10,841 | D |
| Restricted Stock UnitF6 | $0.00 | holding | — | — | — | — | Nov 23, 2018 | Common | 441 | 11,282 | D |
| Restricted Stock UnitF7 | $0.00 | holding | — | — | — | — | Nov 16, 2019 | Common | 3,733 | 15,015 | D |
Explanation of responses
- F1The reporting person is the managing member and is a beneficial owner of SLKW Investments LLC.
- F2The reporting person is the president of REIT Redux GP, the general partner of REIT Redux LP. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, of the shares held by REIT Redux LP, except to the extent of his pecuniary interest therein.
- F3Leanlien, LLC, a trust in which the reporting person beneficially owns 61% and his children beneficially own 39%.
- F4These Non-Qualified Stock Options vest in three equal annual installments with the first installment vesting March 13, 2016.
- F5These Non-Qualified Stock Options vest in three equal annual installments with the first installment vesting November 23, 2016.
- F6The reporting person was granted 1,324 restricted stock units on November 23, 2015 of which 1/3 of the shares of the grant vested on November 23, 2016 and an additional 1/3 of the shares of the grant vested on November 23, 2017. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
- F7The reporting person was granted 5,600 restricted stock units on November 16, 2016 of which 1/3 of the total granted amount vested on November 16, 2017. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
Remarks
Reporting Person has filed as a member of a Section 13(d)(3) "group" with Delta Partners, LP, Delta Partners GP, LLC, Prism Partners, L.P., Delta Growth Master Fund L.P., Delta Advisors, LLC, the Jobson Family Foundation, Charles Jobson, REIT Redux LP, REIT Redux GP, LLC, Leanlien, L.L.C., David Martin West Asset Trust, David West, The Kropp 2010 Family Trust; and James H. Kropp. Members of the Section 13(d) filing group in aggregate beneficially own in excess of ten percent of the common stock of the Issuer. Neither the fact of this Section 16 filing nor anything contained herein shall be deemed to be an admission by the Reporting Person that such a group exists. The Reporting Person disclaims beneficial ownership of the shares held by the other members of such Section 13(d) filing group, except to the extent of his pecuniary interest therein.