-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, P3SDITdsG5oxJq1D3L2QLQuyRMWLWnVgZiAk9+JGfIIpzUq21q6SoSfnxbB+E2+e K3X9DLvj2mcIFfcQVT+5dA== 0000927356-99-001103.txt : 19990705 0000927356-99-001103.hdr.sgml : 19990705 ACCESSION NUMBER: 0000927356-99-001103 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990702 GROUP MEMBERS: BAILEY CO L P GROUP MEMBERS: PAUL T. BAILEY GROUP MEMBERS: THE ERIE COUNTY INVESTMENT COMPANY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOOD TIMES RESTAURANTS INC CENTRAL INDEX KEY: 0000825324 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] IRS NUMBER: 841133368 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-42729 FILM NUMBER: 99658663 BUSINESS ADDRESS: STREET 1: 601 CORPORATE CIRCLE CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 3033841400 MAIL ADDRESS: STREET 1: 601 CORPORATE CIRCLE CITY: GOLDEN STATE: CO ZIP: 80401 FORMER COMPANY: FORMER CONFORMED NAME: PARAMOUNT VENTURES INC DATE OF NAME CHANGE: 19900205 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BAILEY CO L P CENTRAL INDEX KEY: 0001024485 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 840584467 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 601 CORPORATE CIRCLE CITY: GOLDEN STATE: CO ZIP: 80401 BUSINESS PHONE: 3033840200 MAIL ADDRESS: STREET 2: 601 CORPORATE CIRCLE CITY: GOLDON STATE: CO ZIP: 80401 SC 13D/A 1 AMENDMENT NO. 5 TO SCHEDULE 13D ------------------------------- OMB APPROVAL SECURITIES AND EXCHANGE COMMISSION ------------------------------- Washington, D.C. 20549 OMB Number: 3235-0145 Expires: October 31, 1994 Estimated average burden ------------------------------- SCHEDULE 13D (Rule 13d-101) Information to be included in statements filed pursuant to Rule 13d-1(a) and Amendments thereto filed pursuant to Rule 13d-2(a) (Amendment No. 5)/1/ GOOD TIMES RESTAURANTS INC. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $0.001 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 0003821401 ------------------------------------ (CUSIP Number) DARREN R. HENSLEY, ESQ., JACOBS CHASE FRICK KLEINKOPF & KELLEY LLC 1050 SEVENTEETH STREET, STE. 1500, DENVER, COLORADO 80265 (303) 685-4800 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 25, 1999 ------------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box[_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. /1/The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D - ---------------------- -------------------------------------- CUSIP No. 0003821401 Page 2 of 7 Pages - ---------------------- -------------------------------------- ================================================================================ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only) THE BAILEY COMPANY, LLLP, IRS # 84-0584467 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION COLORADO - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------------------- SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 846,512 ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON -0- ------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 846,512 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 846,512 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 38.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ---------------------- -------------------------------------- CUSIP No. 0003821401 Page 3 of 7 Pages - ---------------------- -------------------------------------- ================================================================================ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) THE ERIE COUNTY INVESTMENT CO., IRS #34-4227790 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION OHIO - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF -0- ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 888,292 ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON -0- ------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 861,192 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 888,292 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 40.9% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D - ---------------------- -------------------------------------- CUSIP No. 0003821401 Page 4 of 7 Pages - ---------------------- -------------------------------------- ================================================================================ 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) PAUL T. BAILEY - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* PF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 60,700 ------------------------------------------------------------ SHARES 8 SHARED VOTING POWER BENEFICIALLY OWNED BY 888,292 ------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON 60,700 ------------------------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 861,192 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 948,992 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_] EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 43.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN ================================================================================ *SEE INSTRUCTIONS BEFORE FILLING OUT! - -------------------- ----------------- CUSIP NO. 0003821401 Amendment No. 5 Page 5 of 7 Pages - -------------------- to Schedule 13D ----------------- This amended statement relates to the shares of Common Stock, $0.001 par value ("Common Stock"), of Good Times Restaurants Inc., a Nevada corporation (the "Company"). Items 3 and 5 of a Statement on Schedule 13D previously filed by The Erie County Investment Co., an Ohio corporation ("Erie"), The Bailey Company, LLLP, a Colorado limited liability limited partnership ("Bailey"), and Mr. Paul T. Bailey, an individual ("Mr. Bailey"), are amended as set forth below. Item 3. Source and Amount of Funds or Other Consideration. - ---------------------------------------------------------- No change except for the addition of the following: On June 25, 1999, Mr. Bailey acquired 15,000 of the Company's Series A Redeemable Common Stock Purchase Warrants and 18,000 of the Company's Series B Redeemable Common Stock Purchase Warrants (collectively, the "Warrants") in open market transactions, such Warrants being traded under the ticker symbols GTIMW and GTIMZ, respectively, for a purchase price of $.035 and $.03125, respectively, per Warrant. Each Warrant is exercisable for one share of Common Stock at an exercise price of $3.00 per share. On June 30, 1999, Mr. Bailey exercised the Warrants and received an aggregate of 33,000 shares of Common Stock (the "Public Warrant Stock"). The acquisition of the Warrants and the exercise thereof were funded out of Mr. Bailey's personal funds. Item 5. Interest in Securities of the Issuer. - --------------------------------------------- No change except for restatement of (a) and (b) and the addition to (c) as follows: (a) Bailey beneficially owns 846,512 shares of Common Stock, which represent approximately 38.9% of the outstanding Common Stock (based on the number of shares of Common Stock outstanding as of March 31, 1999 as reported by the Company in its Quarterly Report on Form 10-QSB for the quarter ended March 31, 1999 and the issuance of the June Stock (as defined in Amendment No. 4 to this Statement on Schedule 13D ("Amendment No. 4")), the Warrant Stock (as defined in Amendment No. 4) and the Public Warrant Stock (collectively, the "Outstanding Shares")), 25,000 of which Bailey has the right to acquire upon exercise of a warrant. Erie and Mr. Bailey beneficially own 41,780 shares and 60,700 shares of Common Stock, respectively, which represent approximately 1.9% and 2.8%, respectively, of the Outstanding Shares. Erie and Mr. Bailey may be deemed to beneficially own the 846,512 shares of Common Stock beneficially owned by Bailey and Mr. Bailey may be deemed to beneficially own the 41,780 shares of Common Stock beneficially owned by Erie. Erie and Mr. Bailey disclaim beneficial ownership of any shares of Common Stock beneficially owned by Bailey and Mr. Bailey disclaims beneficial ownership of any shares of Common stock beneficially owned by Erie. (b) Bailey, Erie and Mr. Bailey may be deemed to share voting and dispositive power - -------------------- ----------------- CUSIP No. 0003821401 Page 6 of 7 Pages - -------------------- ----------------- the 846,512 shares of Common stock beneficially owned by Bailey. Erie and Mr. Bailey may be deemed to share voting and dispositive power over 14,680 shares of Common Stock beneficially owned by Erie and voting power over 27,100 shares of Common Stock sold by Erie to its employees. Mr. Bailey has sole voting and dispositive power over the 60,700 shares of Common Stock held by Mr. Bailey. (c) Other than (i) the purchases of the Warrants and the exercise thereof by Mr. Bailey as set forth in Item 3 above and incorporated herein by reference in its entirety and (ii) the transactions previously reported in Amendment No. 4, in the past 60 days, none of Bailey, Erie or Mr. Bailey has effected any transaction in the Common Stock. - -------------------- --------------------------- CUSIP No. 0003821401 Page 7 of 7 Pages - -------------------- --------------------------- SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. July 2, 1999 ____________________________________ (Date) THE BAILEY COMPANY, LLLP, a Colorado limited liability limited partnership By: THE ERIE COUNTY INVESTMENT CO., an Ohio corporation, its general partner By: /s/ William D. Whitehurst ________________________________________ William D. Whitehurst, Vice-President After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. July 2, 1999 ________________________________________________ (Date) THE ERIE COUNTY INVESTMENT CO., an Ohio corporation By: /s/ William D. Whitehurst ______________________________________ William D. Whitehurst, Vice-President After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. July 2, 1999 ________________________________________________ (Date) By: /s/ William D. Whitehurst ______________________________________ Paul T. Bailey By: William D. Whitehurst By Power of Attorney -----END PRIVACY-ENHANCED MESSAGE-----