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

Role: Director
Signature: Robert J. Stetson
Issuer symbol: GTIM
Transactions as of: 16 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 18 Nov 2021, 15:15:29 UTC
Next filing: 03 Dec 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	Options Exercise	$0	+914	+0.28%	$0.000000	328,954	16 Nov 2021	Direct	F1
holding	GTIM	Common Stock						222,340	16 Nov 2021	By SLKW Investments LLC	F2
holding	GTIM	Common Stock						24,000	16 Nov 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%	$0.000000^*	0	16 Nov 2021	Common Stock	914	$0.000000	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%