SEC Form 4 · accession 0001214659-16-014804
Good Times Restaurants Inc. · GTIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Stetson
Director
Period of report
Oct 14, 2016
Accepted (ET)
Nov 17, 2016 · 1:05 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 |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Oct 14, 2016 | J | 800,000 | $0.00 | D | 0 | I | By REST Redux, LLC |
| CommonF2 | Oct 14, 2016 | J | 440,000 | $0.00 | A | 440,000 | I | By REIT Redux, LLC |
| CommonF3 | holding | — | — | — | 17,000 | I | By Leanlien, LLC | |
| Common | holding | — | — | — | 78,756 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1REST Redux, LLC made a pro rata distribution for no consideration of an aggregate of 800,000 shares of Common stock of the Issuer to its members as of October 14, 2016
- F2Reporting Person is the president of REIT Redux GP, the general partner of REIT Redux LP. REIT Redux LP received an aggregate of 440,000 shares of Common Stock of the Issuer in the pro rata distribution for no consideration referenced in footnote [1]. 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.
- F317,000 shares held in Leanlien, LLC, a trust of which Mr. Stetson beneficially owns 61% and his children beneficially own 39%