Sec Form 4 Filing - Zink Ryan M @ Good Times Restaurants Inc. - 2020-12-28

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
Zink Ryan M
2. Issuer Name and Ticker or Trading Symbol
Good Times Restaurants Inc. [ GTIM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
141 UNION BOULEVARD #400
3. Date of Earliest Transaction (MM/DD/YY)
12/28/2020
(Street)
LAKEWOOD, CO80228
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 12/28/2020 P 700 A $ 2.98 5,700 I Shares held in spouse's IRA
Common Stock 12/28/2020 P 500 A $ 3 6,200 I Shares held in spouse's IRA
Common Stock 12/28/2020 P 2,500 A $ 3 87,119 D
Common Stock 12/28/2020 P 2,188 A $ 3.05 89,307 D
Common Stock 12/29/2020 P V 4,000 A $ 2.81 93,307 D
Common Stock 12/29/2020 P V 5,000 A $ 2.83 98,307 D
Common Stock 12/29/2020 P V 214 A $ 2.85 98,521 D
Common Stock 12/29/2020 P V 4,786 A $ 2.87 103,307 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
Incentive Stock Option $ 2.33 ( 1 )( 2 ) 12/23/2027 Common Stock 90,000 90,000 D
Incentive Stock Options (Right to buy) $ 5 10/12/2018( 3 ) 10/12/2028 Common Stock 15,000 105,000 D
Incentive Stock Options (Right to buy) $ 4.66 11/16/2018( 4 ) 11/16/2028 Common Stock 12,876 117,876 D
Restricted Stock Units $ 0 11/16/2020( 5 ) 11/16/2021 Common Stock 4,341 122,217 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Zink Ryan M
141 UNION BOULEVARD #400
LAKEWOOD, CO80228
CEO
Signatures
/s/ Ryan M. Zink 12/30/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The date on which the price of the Company common stock (as traded on the Nasdaq Capital Market) is $4.00, as measured based on the trailing 60 calendar day volume-weighted average price (VWAP) of Company common stock
( 2 )The Reporting Person was granted 90,000 Incentive Stock Options on December 24, 2020.
( 3 )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.
( 4 )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.
( 5 )The Reporting Person was granted 13,021 Restricted Stock Units on November 16, 2018 vesting at 1/3 of the total granted amount over three years. 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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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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