Scott Lefever - Nov 16, 2021 Form 4 Insider Report for Good Times Restaurants Inc. (GTIM)

Role
Vice President of Operations
Signature
Scott G. LeFever
Stock symbol
GTIM
Transactions as of
Nov 16, 2021
Transactions value $
$82,589
Form type
4
Date filed
1/26/2022, 03:10 PM
Previous filing
Jun 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTIM Common Stock Options Exercise $39.4K +12.5K +197.69% $3.15 18.8K Jan 24, 2022 Direct F1
transaction GTIM Common Stock Options Exercise $24.3K +6.85K +36.41% $3.55 25.7K Jan 24, 2022 Direct F2
transaction GTIM Common Stock Options Exercise $18.9K +4.44K +17.3% $4.25 30.1K Jan 24, 2022 Direct 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
holding GTIM Incentive Stock Options (Right to buy) 7.09K Nov 16, 2021 Common Stock 7.09K $5.29 Direct F4
holding GTIM Incentive Stock Options (Right to buy) 4.57K Nov 16, 2021 Common Stock 4.57K $3.55 Direct F5
holding GTIM Incentive Stock Options (Right to buy) 8.7K Nov 16, 2021 Common Stock 8.7K $4.66 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 exercise into common stock. The reporting person was granted 12,500 Incentive Stock Options on November 16, 2016 vesting at at 1/5 of the total granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F2 Represents the conversion upon exercise into common stock. The reporting person was granted 11,424 Incentive Stock Options on June 27, 2018 vesting at at 1/5 of the total granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F3 Represents the conversion upon exercise into common stock. The reporting person was granted 4,443 Incentive Stock Options on July 23, 2018 as part of a common stock exchange and were fully vested on that date. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F4 The Reporting Person was granted 7,089 Incentive Stock Options on November 23, 2015 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F5 The Reporting Person was granted 11,424 Incentive Stock Options on June 27, 2018 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F6 The Reporting Person was granted 8,703 Incentive Stock Options on November 16, 2018 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.