Ryan M. Zink - 08 Nov 2022 Form 4 Insider Report for Good Times Restaurants Inc. (GTIM)

Role
CEO and Director, Director
Signature
/s/ Ryan M. Zink
Issuer symbol
GTIM
Transactions as of
08 Nov 2022
Transactions value $
$0
Form type
4
Filing time
10 Nov 2022, 15:10:17 UTC
Previous filing
22 Aug 2022
Next filing
14 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GTIM Common Stock 119,230 08 Nov 2022 Direct
holding GTIM Common Stock 6,300 08 Nov 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
transaction GTIM Restricted Stock Units Award $0 +1,750 $0 1,750 08 Nov 2022 Common Stock 1,750 $0 Direct F1
transaction GTIM Incentive Stock Option (Right to Buy) Award $0 +20,000 $0 20,000 08 Nov 2022 Common Stock 20,000 $3 Direct F2
holding GTIM Incentive Stock Option (Right to Buy) 80,000 08 Nov 2022 Common Stock 80,000 $5.2 Direct F3
holding GTIM Incentive Stock Option (Right to Buy) 90,000 08 Nov 2022 Common Stock 90,000 $2.33 Direct F4
holding GTIM Incentive Stock Options (Right to buy) 15,000 08 Nov 2022 Common Stock 15,000 $5 Direct F5
holding GTIM Incentive Stock Options (Right to buy) 12,876 08 Nov 2022 Common Stock 12,876 $4.66 Direct F6
* 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 1,750 Restricted Stock Units on November 8, 2022 vesting on November 8, 2025.
F2 The Reporting Person was granted 20,000 Incentive Stock Options on November 8, 2022 vesting at 1/5 of the total granted amount over five years.
F3 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.
F4 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.
F5 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.
F6 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.