Ryan M. Zink - Jun 17, 2022 Form 4 Insider Report for Good Times Restaurants Inc. (GTIM)

Role
CEO and Director, Director
Signature
/s/ Ryan M. Zink
Stock symbol
GTIM
Transactions as of
Jun 17, 2022
Transactions value $
$2,700
Form type
4
Date filed
6/21/2022, 04:05 PM
Previous filing
Jun 17, 2022
Next filing
Aug 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTIM Common Stock Purchase $2.7K +1K +0.85% $2.70 119K Jun 17, 2022 Direct
holding GTIM Common Stock 6.2K Jun 17, 2022 Shares held in spouse's IRA

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 Option (Right to Buy) 80K Jun 17, 2022 Common Stock 80K $5.20 Direct F1
holding GTIM Incentive Stock Option (Right to Buy) 90K Jun 17, 2022 Common Stock 90K $2.33 Direct F2
holding GTIM Incentive Stock Options (Right to buy) 15K Jun 17, 2022 Common Stock 15K $5.00 Direct F3
holding GTIM Incentive Stock Options (Right to buy) 12.9K Jun 17, 2022 Common Stock 12.9K $4.66 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted 80,000 Incentive Stock Options on September 29, 2021. The shares awarded include a vesting condition whereby the vesting shall occur on the date on which the price of the Company common stock (as traded on the Nasdaq Capital Market) is $6.00, as measured based on the trailing 60 calendar day volume-weighted average price (VWAP) of Company common stock.
F2 The Reporting Person was granted 90,000 Incentive Stock Options on December 24, 2020. Such incentive stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission. The vesting conditions were met on April 5, 2021.
F3 The reporting person was granted 15,000 Incentive Stock Options on October 12, 2018 vesting at 1/5 of the total granted amount over five years. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F4 The reporting person was granted 12,876 Incentive Stock Options on November 16, 2018 vesting at 1/5 of the total granted amount over five years. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.