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.