Form 4 Good Times Restaurants For: Nov 16 Filed by: LEFEVER SCOTT

November 20, 2017 5:12 PM
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
LEFEVER SCOTT

(Last) (First) (Middle)
141 UNION BLVD., #400

(Street)
LAKEWOOD CO 80228

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Good Times Restaurants Inc. [ GTIM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Vice President of Operations
3. Date of Earliest Transaction (Month/Day/Year)
11/16/2017
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/16/2017 M 2,934 (1) A $ 0 29,687 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option $ 4.41 11/14/2011 11/14/2018 Common 5,669 5,669 D
Incentive Stock Option $ 3.45 11/06/2012 11/06/2019 Common 1,449 7,118 D
Incentive Stock Option $ 1.56 12/13/2013 12/13/2021 Common 7,985 15,103 D
Incentive Stock Option $ 2.31 01/02/2016 01/02/2024 Common 22,346 37,449 D
Incentive Stock Option $ 2.48 11/21/2016 11/21/2023 Common 13,000 50,449 D
Incentive Stock Option $ 7.79 (2) 03/13/2025 Common 11,553 62,002 D
Incentive Stock Option $ 5.29 (3) 11/23/2025 Common 7,089 69,091 D
Restricted Stock Unit $ 0 (4) 11/23/2018 Common 3,970 73,061 D
Incentive Stock Option $ 3.15 (5) 11/16/2026 Common 12,500 85,561 D
Restricted Stock Unit $ 0 (6) 11/16/2019 Common 5,866 91,427 D
Explanation of Responses:
1. Represents the conversion upon vesting of restricted stock awards into common stock (the "Converted Common Stock "). The reporting person was granted 24,768 restricted stock units which vested on July 23, 2017. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
2. The Incentive Stock Options vest in three equal annual installments with the first installment vesting March 13, 2016.
3. The Incentive Stock Options vest in three equal annual installments with the first installment vesting November 23, 2016.
4. The reporting person was granted 5,955 restricted stock units on November 23, 2015 of which 1/3 of the total granted amount vested on November 23, 2016. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
5. The Incentive Stock Options vest in three equal annual installments with the first installment vesting November 16, 2017.
6. The reporting person was granted 8,800 restricted stock units on November 16, 2016 of which 1/3 of the total granted amount vested on November 16, 2017. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
Scott G. LeFever 11/20/2017
** Signature of Reporting Person Date
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