SEC Form 4 · accession 0001145839-18-000005
Good Times Restaurants Inc. · GTIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
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
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 11:19 am 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 StockF3 | holding | — | — | — | 2,020,413 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Nov 16, 2018 | A | 2,740 | A | — | — | Common Stock | 2,740 | 2,740 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of GTIM common stock.
- F2The restricted stock unit will vest 1/3 per year over three years from the grant date.
- F3Reporting Person Charles Jobson holds 2,011,363 common shares of the issuer, which includes 208,333 common shares held by the Jobson Family Foundation, an entity controlled by Mr. Jobson. In addition, Mr. Jobson is the managing member of Delta Advisors, LLC, which holds directly 2,850 common shares of the issuer and indirectly 6,200 shares by entity of which Reporting Person Delta Advisors, LLC is the general partner. Mr. Jobson is the principal of Delta Partners, LP and managing member of Delta Partners GP, LLC and can be deemed to have investment discretion. Mr. Jobson is a member of the Board of Directors of Good Times Restaurants, Inc. Each of Charles Jobson, Delta Partners, LP, Delta Advisors, LLC, and Delta Partners GP, LLC disclaims Section 16 beneficial ownership except to the extent, if any, of their pecuniary interest.