SEC Form 4 · accession 0001214659-18-007245
Good Times Restaurants Inc. · GTIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susan M Knutson
Officer — Controller
Period of report
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 11:23 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 |
|---|---|---|---|---|---|---|---|---|
| CommonF1 | Nov 16, 2018 | M | 2,064 | $0.00 | A | 16,911 | 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 | $0.00 | Nov 16, 2018 | M | 2,064 | D | Nov 16, 2019 | Nov 16, 2019 | Common Stock | 2,063 | 65,304 | D |
| Incentive Stock Option to Purchase Common StockF3,F2 | $4.66 | Nov 16, 2018 | A | 5,579 | A | Nov 16, 2019 | Nov 16, 2028 | Common Stock | 5,579 | 70,883 | D |
| Restricted Stock UnitsF4 | $0.00 | Nov 16, 2018 | A | 5,804 | A | Nov 16, 2019 | Nov 16, 2021 | Common Stock | 5,804 | 76,687 | D |
Explanation of responses
- F1Represents the conversion upon vesting of Restricted Stock Units into Common Stock. The reporting person was granted 6,191 restricted stock units on November 16, 2016 vesting at 1/3 of the total amount granted over three years. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
- F2The strike price of the Incentive Stock Options (Right to Buy) is set at the greater of the closing price on the date of grant or the average closing price of the preceding 90 calendar days.
- F3The reporting person was granted 5,579 Incentive Stock Options (Right to Buy) on November 16, 2018 vesting at 1/5 of the total amount granted over five years.
- F4The reporting person was granted 5,804 Restricted Stock Units on November 16, 2018 vesting at 1/3 of the total amount granted over three years.