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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
42228	Golden Enterprises Inc	GLDC	Miscellaneous Food Preparations & Kindred Products (2090)	630250005

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1259857	Randy Bates	One Golden Flake Drive Birmingham AL 35205	Executive Vice President	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2016-09-30	5,657	$12.00	No	4	S	Direct
Common Stock	Disposition	2016-09-30	4,460	$12.00	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2016-09-30	5,231,128	$12.00	No	4	S	Indirect	By SYB, Inc.
Common Stock	Disposition	2016-09-30	600,279	$12.00	No	4	S	Indirect	By Testamentary Marital Trust (2

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	See Footnote
No	4	S	Indirect	By SYB, Inc.
No	4	S	Indirect	By Testamentary Marital Trust (2

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option	Disposition	2016-09-30	35,000	$12.00	35,000	$3.84

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2016-04-23	2016-04-09	No	4	S	Direct

Footnotes

Owned by 401(k) Plan account for the benefit of Paul R. Bates.
Mr. Bates serves on the Voting Committee created under the Will of and the SYB, Inc. Common Stock Trust created by Sloan Y. Bashinsky, Sr. (AMr. Bashinsky@). The Voting Committee voted the shares of Issuer=s stock owned by the Marital Trust created by the Will of Mr. Bashinsky and the shares owned by SYB, Inc. As part of a merger of Golden Enterprises, Inc. with an unrelated entity, SYB, Inc. and the Marital Trust have sold all Shares of Common Stock of the Issuer and the Voting Committee ceased to exist. Mr. Bates disclaims beneficial ownership of such Shares and proceeds therefrom.
Issuer is merging with an unrelated third party and upon merger stock options will be cancelled, whether or not vested, and the option holder will be paid an amount equal to $12.00 minus the per share exercise price multiplied by the number of stock options.
The stock options vested in two unequal installments beginning on 4/23/2016.