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GTIM Good Times Restaurants Inc

2.67
0.00 (0.00%)
Pre Market
Last Updated: 09:07:39
Delayed by 15 minutes
Share Name Share Symbol Market Type
Good Times Restaurants Inc NASDAQ:GTIM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.67 2.20 2.80 1 09:07:39

Statement of Changes in Beneficial Ownership (4)

10/05/2019 4:49pm

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).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

JOBSON CHARLES E
2. Issuer Name and Ticker or Trading Symbol

Good Times Restaurants Inc. [ gtim ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

265 FRANKLIN STREET, SUITE 903
3. Date of Earliest Transaction (MM/DD/YYYY)

5/8/2019
(Street)

BOSTON, MA 02110
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/8/2019     J    5468   D $2.26   0   D   (1) (2)  
Common Stock   5/8/2019     J    5468   A $2.26   2019577   (2) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units     (3)                    (3)   (3) Common Stock   2740     2740   D    

Explanation of Responses:
(1)  In connection with the liquidation of Delta Advisors, LLC, reporting person, Delta Advisors, LLC, distributed for no consideration an amount of 5,468 shares of Common Stock of the Issuer to Charles Jobson, the principal owner of Delta Advisors and managing member. Price of the shares reflects the close price as of May 7, 2019.
(2)  In connection with the distribution described in Footnote (1), reporting person Charles Jobson received 5,468 shares making his direct ownership 2,019,577 shares, which includes 208,333 common shares held by the Jobson Family Foundation, an entity controlled by Mr. Jobson. Delta Advisors now owns 0 shares of the issuer. Charles Jobson, a member of the Board of Directors of the Issuer, is the managing member and principal owner of Delta Advisors, LLC.
(3)  Each restricted stock unit represents a contingent right to receive one share of GTIM common stock. The restricted stock unit will vest 1/3 per year over three years from the grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
JOBSON CHARLES E
265 FRANKLIN STREET
SUITE 903
BOSTON, MA 02110
X X

Delta Advisors, LLC
265 FRANKLIN STREET
SUITE 903
BOSTON, MA 02110

X


Signatures
Charles Jobson 5/10/2019
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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