Statement of Changes in Beneficial Ownership (4)
February 20 2018 - 6:22PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
STETSON ROBERT J
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2. Issuer Name
and
Ticker or Trading Symbol
Good Times Restaurants Inc.
[
GTIM
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
_____ Officer (give title below)
__
X
__ Other (specify below)
See Remarks
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(Last)
(First)
(Middle)
6125 LUTHER LANE, #380
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3. Date of Earliest Transaction
(MM/DD/YYYY)
2/13/2018
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(Street)
DALLAS, TX 75225
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common
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2/13/2018
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P
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1214
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A
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$2.5494
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23416
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I
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By SLKW Investments LLC
(1)
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Common
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2/14/2018
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P
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17100
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A
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$2.60
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40516
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I
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By SLKW Investments LLC
(1)
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Common
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2/15/2018
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P
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7700
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A
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$2.60
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48216
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I
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By SLKW Investments LLC
(1)
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Common
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103894
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D
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Common
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440000
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I
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By REIT Redux, LLC
(2)
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Common
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24000
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I
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By Leanlien, LLC
(3)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Non Qualified Stock Option
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$7.79
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(4)
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3/13/2025
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Common
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7060
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7060
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D
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Non Qualified Stock Option
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$5.29
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(5)
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11/23/2025
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Common
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3781
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10841
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D
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Restricted Stock Unit
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$0.00
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(6)
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11/23/2018
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Common
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441
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11282
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D
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Restricted Stock Unit
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$0.00
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(7)
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11/16/2019
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Common
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3733
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15015
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D
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Explanation of Responses:
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(1)
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The reporting person is the managing member and is a beneficial owner of SLKW Investments LLC.
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(2)
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The reporting person is the president of REIT Redux GP, the general partner of REIT Redux LP. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, of the shares held by REIT Redux LP, except to the extent of his pecuniary interest therein.
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(3)
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Leanlien, LLC, a trust in which the reporting person beneficially owns 61% and his children beneficially own 39%.
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(4)
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These Non-Qualified Stock Options vest in three equal annual installments with the first installment vesting March 13, 2016.
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(5)
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These Non-Qualified Stock Options vest in three equal annual installments with the first installment vesting November 23, 2016.
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(6)
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The reporting person was granted 1,324 restricted stock units on November 23, 2015 of which 1/3 of the shares of the grant vested on November 23, 2016 and an additional 1/3 of the shares of the grant vested on November 23, 2017. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
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(7)
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The reporting person was granted 5,600 restricted stock units on November 16, 2016 of which 1/3 of the total granted amount vested on November 16, 2017. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
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Remarks:
Reporting Person has filed as a member of a Section 13(d)(3) "group" with Delta Partners, LP, Delta Partners GP, LLC, Prism Partners, L.P., Delta Growth Master Fund L.P., Delta Advisors, LLC, the Jobson Family Foundation, Charles Jobson, REIT Redux LP, REIT Redux GP, LLC, Leanlien, L.L.C., David Martin West Asset Trust, David West, The Kropp 2010 Family Trust; and James H. Kropp. Members of the Section 13(d) filing group in aggregate beneficially own in excess of ten percent of the common stock of the Issuer. Neither the fact of this Section 16 filing nor anything contained herein shall be deemed to be an admission by the Reporting Person that such a group exists. The Reporting Person disclaims beneficial ownership of the shares held by the other members of such Section 13(d) filing group, except to the extent of his pecuniary interest therein.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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STETSON ROBERT J
6125 LUTHER LANE, #380
DALLAS, TX 75225
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See Remarks
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Signatures
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/s/ Robert J. Stetson
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2/20/2018
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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