SEC Form 4 · accession 0001214659-18-004972
Good Times Restaurants Inc. · GTIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Boyd E Hoback
Officer — President, CEO · Director
Period of report
Jul 23, 2018
Accepted (ET)
Jul 25, 2018 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000825324
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock OptionF1,F2 | $7.79 | Jul 23, 2018 | D | 38,511 | D | Mar 13, 2016 | Mar 13, 2025 | Common Stock | 38,511 | 267,817 | D |
| Incentive Stock OptionF1 | $4.25 | Jul 23, 2018 | A | 14,811 | A | Jul 23, 2018 | Jul 23, 2028 | Common Stock | 14,811 | 282,628 | D |
| Non Qualified Stock OptionF1,F3 | $7.79 | Jul 23, 2018 | D | 38,511 | D | Mar 13, 2016 | Mar 13, 2025 | Common Stock | 38,511 | 244,117 | D |
| Non Qualified Stock OptionF1 | $4.25 | Jul 23, 2018 | A | 14,811 | A | Jul 23, 2018 | Jul 23, 2028 | Common Stock | 14,811 | 258,928 | D |
Explanation of responses
- F1On July 23, 2018, the issuer canceled options of the issuer's common stock granted to the reporting person on March 13, 2015 pursuant to the issuer's option exchange program. In exchange, the reporting person received a replacement option, having an exercise price of $4.25 per share. The replacement options are fully vested upon issue.
- F2The Incentive Stock Options vested in three equal annual installments with the first installment vesting March 13, 2016.
- F3The Non-Qualified Stock Options vested in three equal annual installments with the first installment vesting March 13, 2016.