Scott G. LeFever - 10 May 2021 Form 4 Insider Report for Good Times Restaurants Inc. (GTIM)

Role: Vice President of Operations
Signature: Scott G. LeFever
Issuer symbol: GTIM
Transactions as of: 10 May 2021
Net transactions value: -$117,709
Form type: 4
Filing time: 12 May 2021, 16:10:23 UTC
Next filing: 19 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTIM	Common Stock	Sale	$108,827	-22,911	-26%	$4.75	64,602	10 May 2021	Direct
transaction	GTIM	Common Stock	Sale	$3,808	-800	-1.2%	$4.76	63,802	10 May 2021	Direct
transaction	GTIM	Common Stock	Sale	$5,074	-1,057	-1.7%	$4.80	62,745	10 May 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	GTIM	Restricted Stock Units						3,186	10 May 2021	Common Stock	3,186	$0.000000	Direct	F1
holding	GTIM	Restricted Stock Units						6,324	10 May 2021	Common Stock	3,138	$0.000000	Direct	F2
holding	GTIM	Incentive Stock Options						13,413	10 May 2021	Common Stock	7,089	$5.29	Direct	F3
holding	GTIM	Incentive Stock Options (Right to Buy)						25,913	10 May 2021	Common Stock	12,500	$3.15	Direct	F4
holding	GTIM	Incentive Stock Options (Right to buy)						37,337	10 May 2021	Common Stock	11,424	$3.55	Direct	F5
holding	GTIM	Incentive Stock Options (Right to buy)						41,780	10 May 2021	Common Stock	4,443	$4.25	Direct	F6
holding	GTIM	Incentive Stock Options (Right to buy)						50,483	10 May 2021	Common Stock	8,703	$4.66	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted 9,556 Restricted Stock Units on November 16, 2018 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.
F2	The Reporting Person was granted 9,412 Restricted Stock Units on June 27, 2018 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.
F3	The Reporting Person was granted 7,089 Incentive Stock Options (Right to Buy) on November 23, 2015 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F4	The Reporting Person was granted 12,500 Incentive Stock Options (Right to Buy) on November 16, 2016 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F5	The Reporting Person was granted 11,424 Incentive Stock Options (Right to Buy) on June 27, 2018 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F6	The Reporting Person was granted 4,443 Incentive Stock Options (Right to Buy) on July 23, 2018 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F7	The Reporting Person was granted 8,703 Incentive Stock Options (Right to Buy) on November 16, 2018 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.