BBQ (BBQ) Form 3 BBQ / Albert W. Hank ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hank Albert W.

(Last) (First) (Middle)

12701 WHITEWATER DRIVE #100

(Street)

MINNETONKA MN 55343

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/08/2021

3. Issuer Name and Ticker or Trading Symbol
BBQ HOLDINGS, INC. [ BBQ ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,717	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	(1)	04/29/2029	Common Stock	10,000	5.34	D
Employee Stock Option (right to buy)	(1)	06/24/2029	Common Stock	10,000	3.96	D
Employee Stock Option (right to buy)	(2)	07/07/2030	Common Stock	20,000	3.27	D
Restricted Stock Unit	(3)	09/02/2025	Common Stock	25,000	0	D

Explanation of Responses:

1. Options vest monthly over 48 months from the date of grant.

2. Option vests annually over two years.

3. Each Restricted Stock Unit represents a contingent right to receive one share of BBQ Holdings, Inc.'s common stock. The Restricted Stock Units vest over three years upon BBQ Holdings, Inc's common stock achieving a market price of $8.50 per share on the applicable first, second and third anniversaries of the date of grant.

	Albert Hank	01/19/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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