SEC Form 4 · accession 0001145839-17-000005
Good Times Restaurants Inc. · GTIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
PRISM PARTNERS, L.P.
10% Owner
DELTA PARTNERS LP
10% Owner
Charles E Jobson
Director · 10% Owner
Delta Partners GP, LLC
10% Owner
Delta Advisors, LLC
10% Owner
Period of report
Dec 20, 2017
Accepted (ET)
Dec 22, 2017 · 4:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000825324
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 20, 2017 | J | 901,586 | $0.00 | D | 0 | I | Footnote |
| Common StockF2 | Dec 20, 2017 | J | 879,117 | $0.00 | A | 2,248,757 | I | Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reporting person, Delta Partners, LP is the investment manager for three private funds, Prism Partners, L.P., Prism Offshore Fund, Ltd. and Delta Growth Master Fund, LP and is deemed to have beneficial ownership. The three funds are the actual owners of the Common Stock of the Issuer. One of these funds, Prism Offshore Fund, Ltd., made a pro rata distribution for no consideration of an aggregate amount of 901,586 shares of Common Stock of the Issuer to it members as of December 20, 2017.
- F2In connection with the distribution described in Footnote (1), Reporting Person Delta Partners, LP received an aggregate of 879,117 shares of the Issuer. Of the shares reported herein as owned after the transaction, 1,363,440 of such shares are held directly by Reporting Person Prism Partners, L.P., 879,117 are held directly by Reporting Person Delta Partners, LP, and 6,200 are held by an entity of which Reporting Person Delta Advisors, LLC is the general partner. Delta Advisors is also the general partner of Prism Partners, L.P. Delta Partners GP, LLC is the general partner of Delta Partners, LP. Charles Jobson, a member of the Board of Directors of the Issuer, is the principal of Delta Partners and managing member of Delta Partners GP, and Delta Advisors and can be deemed to have investment discretion. Each of Delta Partners, Delta Advisors, Delta Partners GP and Mr. Jobson disclaim Section 16 beneficial ownership except to the extent, if any, of their pecuniary interest.