Sec Form 4 Filing - LEFEVER SCOTT @ Good Times Restaurants Inc. - 2017-11-16

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person LEFEVER SCOTT 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 (Last) (First) (Middle) 141 UNION BLVD., #400 3. Date of Earliest Transaction (MM/DD/YY) 11/16/2017 (Street) LAKEWOOD, CO80228 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other LEFEVER SCOTT 141 UNION BLVD., #400 LAKEWOOD, CO80228 Vice President of Operations Signatures Scott G. LeFever 11/20/2017 Signature of Reporting Person Date

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.

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 4(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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