Geoffrey R. Bailey - 16 Nov 2021 Form 4 Insider Report for Good Times Restaurants Inc. (GTIM)

Role: Director
Signature: Geoffrey R. Bailey
Issuer symbol: GTIM
Transactions as of: 16 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 18 Nov 2021, 15:15:48 UTC
Previous filing: 30 Jun 2021
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	+1.8%	$0.000000	50,628	28 Jun 2021	Direct	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
transaction	GTIM	Restricted Stock Unit	Options Exercise	$0	-914	-100%	$0.000000^*	0	16 Nov 2021	Common Stock	0	$0.000000	Direct	F1
holding	GTIM	Non-Qualified Stock Options						5,000	16 Nov 2021	Common Stock	5,000	$1.31	Direct	F2
holding	GTIM	Non-Qualified Stock Options						2,000	16 Nov 2021	Common Stock	2,000	$2.31	Direct	F3
holding	GTIM	Non-Qualified Stock Options						5,000	16 Nov 2021	Common Stock	5,000	$2.44	Direct	F4
holding	GTIM	Non-Qualified Stock Options						3,781	16 Nov 2021	Common Stock	3,781	$5.29	Direct	F5
holding	GTIM	Non-Qualified Stock Options						2,715	16 Nov 2021	Common Stock	2,715	$4.25	Direct	F6

* 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 Units into Common Stock. The reporting person was granted 2,740 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 5,000 Non-Qualified Stock Options (Right to Buy) on December 14, 2011 vesting at 1/5 of the total amount granted over five years.
F3	The Reporting Person was granted 2,000 Non-Qualified Stock Options (Right to Buy) on January 1, 2013 vesting at 1/5 of the total amount granted over five years.
F4	The Reporting Person was granted 5,000 Non-Qualified Stock Options (Right to Buy) on September 27, 2013 vesting at 1/5 of the total amount granted over five years.
F5	The Reporting Person was granted 3,781 Non-Qualified Stock Options (Right to Buy) on November 23, 2015 vesting at 1/5 of the total amount granted over five years.
F6	The Reporting Person was granted 2,715 Non-Qualified Stock Options (Right to Buy) on July 23, 2018 vesting at 1/5 of the total amount granted over five years.