Robert J. Stetson - Nov 16, 2021 Form 4 Insider Report for Good Times Restaurants Inc. (GTIM)

Role
Director
Signature
Robert J. Stetson
Stock symbol
GTIM
Transactions as of
Nov 16, 2021
Transactions value $
$0
Form type
4
Date filed
11/18/2021, 03:15 PM
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTIM Common Stock Options Exercise $0 +914 +0.28% $0.00 329K Nov 16, 2021 Direct F1
holding GTIM Common Stock 222K Nov 16, 2021 By SLKW Investments LLC F2
holding GTIM Common Stock 24K Nov 16, 2021 By Leanlien, LLC F3

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
transaction GTIM Restricted Stock Units Options Exercise $0 -914 -100% $0.00* 0 Nov 16, 2021 Common Stock 914 $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted stock awards into common stock (the "Converted Common Stock "). The reporting person was granted 2,740 Restricted Stock Units on November 16, 2018 vesting at at 1/3 of the total 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.
F2 The reporting person is the managing member and is a beneficial owner of SLKW Investments, LLC.
F3 Leanlien, LLC, a trust in which the reporting person beneficially owns 61% and his children beneficially own 39%