Sec Form 4 Filing - JOBSON CHARLES E @ Good Times Restaurants Inc. - 2019-05-08

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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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/YY)
05/08/2019
(Street)
BOSTON, MA02110
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 05/08/2019 J 5,468 D $ 2.26 0 D ( 1 ) ( 2 )
Common Stock 05/08/2019 J 5,468 A $ 2.26 2,019,577 ( 2 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 2,740 2,740 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JOBSON CHARLES E
265 FRANKLIN STREET
SUITE 903
BOSTON, MA02110
X X
Delta Advisors, LLC
265 FRANKLIN STREET
SUITE 903
BOSTON, MA02110
X
Signatures
Charles Jobson 05/10/2019
Signature of Reporting Person Date
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.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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