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

Role: President and CEO
Signature: /s/ Ryan M. Zink
Issuer symbol: GTIM
Transactions as of: 11 Jan 2021
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 12 Aug 2021, 18:15:40 UTC
Date Of Original Report: 12 Jan 2021
Next filing: 30 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GTIM	Common Stock						113,307	11 Jan 2021	Direct
holding	GTIM	Common Stock						6,200	11 Jan 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						90,000	11 Jan 2021	Common Stock	90,000	$2.33	Direct	F2
holding	GTIM	Incentive Stock Options (Right to buy)						105,000	11 Jan 2021	Common Stock	15,000	$5.00	Direct	F3
holding	GTIM	Incentive Stock Options (Right to buy)						117,876	11 Jan 2021	Common Stock	12,876	$4.66	Direct	F4
holding	GTIM	Restricted Stock Units						122,217	11 Jan 2021	Common Stock	4,341	$0.000000	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.