SEC Form 4 · accession 0001214659-17-005508
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
Sep 1, 2017
Accepted (ET)
Sep 6, 2017 · 12:10 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 | Sep 1, 2017 | P | 2,450 | $2.80 | A | 97,186 | D | |
| CommonF1 | holding | — | — | — | 440,000 | I | By REIT Redux, LLC | |
| CommonF2 | holding | — | — | — | 20,500 | 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 OptionF3 | $7.79 | holding | — | — | — | — | Mar 13, 2025 | Common | 7,060 | 7,060 | D |
| Non Qualified Stock OptionF4 | $5.29 | holding | — | — | — | — | Nov 23, 2025 | Common | 3,781 | 10,841 | D |
| Restricted Stock UnitF5 | $0.00 | holding | — | — | — | — | Nov 23, 2018 | Common | 883 | 11,724 | D |
| Restricted Stock UnitF6 | $0.00 | holding | — | — | — | — | Nov 16, 2019 | Common | 5,600 | 17,324 | D |
Explanation of responses
- F1The reporting 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.
- F2Leanlien, LLC, a trust in which the reporting person beneficially owns 61% and his children beneficially own 39%
- F3These Non-Qualified Stock Options vest in three equal annual installments with the first installment vesting March 13, 2016.
- F4These Non-Qualified Stock Options vest in three equal annual installments with the first installment vesting November 23, 2016
- F5The 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. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
- F6The reporting person was granted 5,600 restricted stock units on November 16, 2016 vesting at 1/3 of the total granted amount over three years. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.