Page 17 of 29 – SEC Filing
| Page 17 of 29 |
This
Amendment No. 4 to Schedule 13D (this “Amendment”) amends and supplements the Schedule 13D filed with the Securities
and Exchange Commission (the “SEC”) on December 19, 2016 (as amended, the “Schedule 13D”), Delta Partners,
LP, a Delaware limited partnership, Delta Partners GP, LLC, a Delaware limited liability company, Prism Partners, L.P., a Delaware
limited partnership, Delta Growth Master Fund L.P., a Cayman Islands limited partnership, Delta Advisors, LLC a Delaware limited
liability company, the Jobson Family Foundation, a Massachusetts trust, Charles Jobson, an individual, REIT Redux LP, a Delaware limited
partnership, REIT Redux GP, LLC, a Delaware limited liability company, Robert J. Stetson, an individual, Leanlien, L.L.C.,
a Texas limited liability company, David Martin West Asset Trust, a Texas trust, David West, an individual, The Kropp 2010 Family
Trust, a Texas trust, and James H. Kropp, an individual, relating to the common stock, $0.001 par value per share (the “Common
Stock”) of Good Times Restaurants Inc., a Delaware corporation (the “Issuer”), as amended by the first amendment
thereto filed by certain Jobson Reporting Persons (defined below) on April 24, 2017, as amended by the second amendment thereto
filed with the SEC on October 19, 2017, and as further amended by the third amendment thereto filed with the SEC on November 14,
2017. Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated or superseded
by information contained in this Amendment. Capitalized terms used but not defined in this Amendment have the same meanings as
are ascribed to them in the Schedule 13D.
This Amendment is being filed to supplement
Items 2, 3, 4, 5 and 7 of the Schedule 13D.
| Item 2. | Identity and Background |
Items 2(a)–(f)
of the Schedule 13D are hereby amended and restated in their entirety as follows:
(a) This Schedule 13D
is being filed by and on behalf of (i) Delta Partners, LP; (ii) Delta Partners GP, LLC; (iii) Prism Partners, L.P.; (iv) Delta
Growth Master Fund L.P.; (v) Delta Advisors, LLC; (vi) Jobson Family Foundation; (vii) Charles Jobson; (viii) REIT Redux LP; (ix)
REIT Redux GP, LLC; (x) Robert J. Stetson; (xi) Leanlien, L.L.C.; (xii) David Martin West Asset Trust; (xiii) David West;
(xiv) The Kropp 2010 Family Trust; and (xv) James H. Kropp (the persons in clauses (i)–(vii) each, a “Jobson Reporting
Person” and collectively, the “Jobson Reporting Persons”, the persons in clauses (viii)–(xv) each, a “Stetson
Reporting Person” and collectively, the “Stetson Reporting Persons”, and all persons in clauses (i)–(xv)
each, a “Reporting Person” and collectively, the “Reporting Persons”). The Reporting Persons are making
this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)(3)
of the Act. However, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting
Persons that such a group exists. The amended and restated agreement among the Reporting Persons to file jointly (the “A&R
Joint Filing Agreement”) is attached hereto as Exhibit F.
(b) The principal business
address of each Jobson Reporting Person other than Jobson Family Foundation is 265 Franklin Street, Suite 903, Boston, MA 02110. The
principal business address of Jobson Family Foundation is 39 Livingston Road, Wellesley, MA 02482. The principal business address of
REIT Redux LP, REIT Redux GP, LLC, The Kropp 2010 Family Trust and James H. Kropp is 14901 Quorum Drive, Suite 900, Dallas, Texas
75254. The principal business address of Robert Stetson is 6125 Luther Lane #380, Dallas, Texas 75225. The principal business address
of David Martin West Asset Trust and David West is 16475 Dallas Parkway, Suite 155, Addison, Texas 75001.
(c) Prism Partners, L.P.
and Delta Growth Master Fund L.P. are private investment funds, the principal business of which is to make investments. Delta Partners,
LP is an investment manager. The principal business of Delta Partners GP, LLC is to act as the general partner of Delta Partners,
LP. The principal business of Delta Advisors, LLC is to act as the general partner of Prism Partners, L.P. The principal business
of Jobson Family Foundation is to serve as a charitable foundation. Charles Jobson serves as managing member of Delta Partners
GP, LLC and Delta Advisors, LLC. REIT Redux LP, REIT Redux GP, LLC, Robert Stetson, The Kropp 2010 Family Trust, and James H. Kropp
are principally engaged in the business of acquiring, holding, managing, voting and disposing of various public and private investments.
David Martin West Asset Trust and David West are principally engaged in real estate and investments. Mr. Stetson also serves as
Chief Executive Officer of USRP and as Chief Financial Officer of Sholand, LLC. Mr. Kropp is the Chief Financial Officer of Microproperties,
LLC.
