Ryan M. Zink - Jan 11, 2021 Form 4/A - Amendment Insider Report for Good Times Restaurants Inc. (GTIM)

Role
President and CEO
Signature
/s/ Ryan M. Zink
Stock symbol
GTIM
Transactions as of
Jan 11, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
8/12/2021, 06:15 PM
Date Of Original Report
Jan 12, 2021
Next filing
Sep 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GTIM Common Stock 113K Jan 11, 2021 Direct
holding GTIM Common Stock 6.2K Jan 11, 2021 Shares held in spouse's IRA F1

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 Incentive Stock Option 90K Jan 11, 2021 Common Stock 90K $2.33 Direct F2
holding GTIM Incentive Stock Options (Right to buy) 105K Jan 11, 2021 Common Stock 15K $5.00 Direct F3
holding GTIM Incentive Stock Options (Right to buy) 118K Jan 11, 2021 Common Stock 12.9K $4.66 Direct F4
holding GTIM Restricted Stock Units 122K Jan 11, 2021 Common Stock 4.34K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were previously reported incorrectly due to a typographical error.
F2 The Reporting Person was granted 90,000 Incentive Stock Options on December 24, 2020. The Incentive Stock Options vest on the date on which the price of the Company common stock (as traded on the Nasdaq Capital Market) is $4.00, as measured based on the trailing 60 calendar day volume-weighted average price (VWAP) of Company common stock. Subsequently, on April 5, 2021 the performance criteria were met resulting in the immediate vesting of shares.
F3 The reporting person was granted 15,000 Incentive Stock Options on October 12, 2018 vesting at 1/5 of the total granted amount over five years. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F4 The reporting person was granted 12,876 Incentive Stock Options on November 16, 2018 vesting at 1/5 of the total granted amount over five years. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F5 The Reporting Person was granted 13,021 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.