SEC Form 4 · accession 0001214659-18-007246
Good Times Restaurants Inc. · GTIM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Lefever
Officer — Vice President of Operations
Period of report
Nov 16, 2018
Accepted (ET)
Nov 20, 2018 · 11:24 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 StockF1 | Nov 16, 2018 | M | 2,933 | $0.00 | A | 34,605 | 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 UnitF1 | $0.00 | Nov 16, 2018 | M | 2,933 | D | Nov 16, 2019 | Nov 16, 2019 | Common Stock | 2,933 | 94,566 | D |
| Incentive Stock Options (Right to Buy)F3,F2 | $4.66 | Nov 16, 2018 | A | 8,703 | A | Nov 16, 2019 | Nov 16, 2028 | Common Stock | 8,703 | 103,269 | D |
| Restricted Stock UnitsF4 | $0.00 | Nov 16, 2018 | A | 9,556 | A | Nov 16, 2019 | Nov 16, 2021 | Common Stock | 9,556 | 112,825 | D |
Explanation of responses
- F1Represents the conversion upon vesting of Restricted Stock Units into Common Stock. The reporting person was granted 8,800 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.
- F2The strike price of Incentive Stock Options (Right to Buy) are 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 8,703 Incentive Stock Options (Right to Buy) on November 16, 2018 vesting at 1/5 of the total granted amount over five years.
- F4The reporting person was granted 9,556 Restricted Stock Units on November 16, 2018 vesting at 1/3 the total amount granted over three years.