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OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION -------------------------------
Washington, D.C. 20549 OMB Number: 3235-0145
Expires: October 31, 1994
Estimated average burden
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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. 2)/1/
GOOD TIMES RESTAURANTS INC.
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(Name of Issuer)
COMMON STOCK, $0.001 par value
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(Title of Class of Securities)
0003821401
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(CUSIP Number)
DARREN R. HENSLEY, ESQ., JACOBS CHASE FRICK KLEINKOPF & KELLEY LLC
1050 SEVENTEETH STREET, STE. 1500, DENVER, COLORADO 80265 (303) 685-4800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
OCTOBER 5, 1998
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(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).
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SCHEDULE 13D
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CUSIP No. 0003821401 Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)
THE BAILEY COMPANY, L.P., IRS # 84-0584467
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
COLORADO
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7 SOLE VOTING POWER
NUMBER OF -0-
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 460,828
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
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WITH 10 SHARED DISPOSITIVE POWER
460,828
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
460,828
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.4%
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14 TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
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CUSIP No. 0003821401 Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only)
THE ERIE COUNTY INVESTMENT CO., IRS #34-4227790
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
OHIO
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7 SOLE VOTING POWER
NUMBER OF -0-
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 502,608
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
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WITH 10 SHARED DISPOSITIVE POWER
475,508
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
502,608
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
28.8%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
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CUSIP No. 0003821401 Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only)
PAUL T. BAILEY
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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7 SOLE VOTING POWER
NUMBER OF 22,000
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SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 502,608
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON 22,000
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WITH 10 SHARED DISPOSITIVE POWER
475,508
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
524,608
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) [_]
EXCLUDES CERTAIN SHARES*
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.0%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 0003821401 Page 5 of 7 Pages
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Amendment No. 2
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"). Item 5 of a statement on Schedule 13D previously filed by The
Erie County Investment Co., an Ohio corporation ("Erie"), The Bailey Company,
L.P., a Colorado limited partnership ("Bailey"), and Mr. Paul T. Bailey, an
individual ("Mr. Bailey"), is amended as set forth below.
5
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CUSIP No. 0003821401 Page 6 of 7 Pages
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Item 5. Interest in Securities of the Issuer.
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No change except for restatement of (a) and (b) as follows:
(a) As of August 31, 1998, Bailey converted 1,000,000 shares of the
Company's Series A Convertible Preferred Stock, $0.01 par value (the "Preferred
Stock"), into 426,667 shares of Common Stock (the "Conversion"). As a result of
the Conversion, Bailey owns 460,828 shares of Common Stock, which represent
approximately 26.4% of the outstanding Common Stock (based on the number of
shares of Common Stock outstanding as of June 30, 1998 as reported by the
Company in its Quarterly Report on Form 10-QSB for the quarter ended June 30,
1998 (the "Outstanding Shares") and giving effect to the Conversion). Erie and
Mr. Bailey own 41,780 shares and 22,000 shares of Common Stock, respectively,
which represent approximately 2.4% and 1.3%, respectively, of the outstanding
Common Stock (based upon the Outstanding Shares and giving effect to the
Conversion). Erie and Mr. Bailey may be deemed to beneficially own the 460,828
shares of Common Stock held by Bailey and Mr. Bailey may be deemed to
beneficially own the 41,780 shares of Common Stock held by Erie. Erie and Mr.
Bailey disclaim beneficial ownership of any shares of Common Stock held by
Bailey and Mr. Bailey disclaims beneficial ownership of any shares of Common
Stock held by Erie.
(b) Bailey, Erie and Mr. Bailey may be deemed to share voting and
dispositive power over the 460,828 shares of Common Stock held directly by
Bailey. Erie and Mr. Bailey may be deemed to share voting and dispositive power
over 14,680 shares of Common Stock held directly 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 22,000 shares of Common Stock held by
Mr. Bailey.
6
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CUSIP No. 0003821401 Page 7 of 7 Pages
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SIGNATURE
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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.
October 29, 1998
____________________________________
(Date)
THE BAILEY COMPANY, a Colorado 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.
October 29, 1998
________________________________________________
(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.
October 29, 1998
________________________________________________
(Date)
By: /s/ Paul T. Bailey
______________________________________
Paul T. Bailey
