SEC Form 4 · accession 0001145839-18-000004
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
Sep 28, 2018
Accepted (ET)
Oct 2, 2018 · 4:35 pm EDT
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,F2 | Sep 28, 2018 | J | 1,363,440 | $4.65 | D | 0 | I | Footnote |
| Common StockF2 | Sep 28, 2018 | J | 1,135,096 | $4.65 | A | 2,020,413 | 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 two private funds, Prism Partners, L.P. and Delta Growth Master Fund LP and is deemed to have beneficial ownership. The two entities are the actual owners of the issuer. One of these funds, Prism Partners, L.P. made a pro rata distribution for no consideration of an aggregate amount of 1,363,440 shares of Common Stock of the Issuer to its partners as of September 28, 2018. Each of Delta Partners, LP, Delta Advisors, LLC, Delta Partners GP, LLC and Charles Jobson disclaims Section 16 beneficial ownership except to the extent, if any, of their pecuniary interest.
- F2In connection with the distribution described in Footnote (1) above, Reporting Persons Charles Jobson and Delta Advisors, LLC received 1,132,246 and 2,850 shares of Common Stock of the Issuer, respectively. Of the shares of Common Stock of the Issuer reported herein as owned after the transaction, 1,803,030 are held directly by Reporting Person Charles Jobson, 2,850 of are held directly by Reporting Person Delta Advisors, LLC, 208,333 shares are held by the Jobson Family Foundation, an entity controlled by Charles Jobson and 6,200 of such shares by entity of which Reporting Person Delta Advisors, LLC is the general partner. Delta Partners GP, LLC is the general partner of Delta Partners, LP. Charles Jobson, a member of the Board of Directors of Good Times Restaurants, Inc., is the principal of Delta Partners, LP and managing member of Delta Partners GP, LLC, and Delta Advisors, LLC and can be deemed to have investment discretion.