Sec Form 4 Filing - BAILEY GEOFFREY R @ Good Times Restaurants Inc. - 2017-11-23

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 BAILEY GEOFFREY R 2. Issuer Name and Ticker or Trading Symbol Good Times Restaurants Inc. [ GTIM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 601 CORPORATE CIRCLE 3. Date of Earliest Transaction (MM/DD/YY) 11/23/2017 (Street) GOLDEN, CO80401 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 11/23/2017 M 441 ( 1 ) A $ 0 7,965 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 Non Qualified Stock Option $ 4.41 11/14/2008 11/14/2018 Common 666 666 D Non Qualified Stock Option $ 3.45 11/06/2009 11/06/2019 Common 666 1,332 D Non Qualified Stock Option $ 1.56 12/13/2010 12/13/2020 Common 666 1.998 D Non Qualified Stock Option $ 1.31 12/14/2011 12/14/2021 Common 5,000 6,998 D Non Qualified Stock Option $ 2.31 01/02/2013 01/02/2023 Common 2,000 8,998 D Non Qualified Stock Option $ 2.44 09/27/2013 09/27/2023 Common 5,000 13,998 D Non Qualified Stock Option $ 7.79 ( 2 ) 03/13/2025 Common 7,060 21,058 D Non Qualified Stock Option $ 5.29 ( 3 ) 11/23/2025 Common 3,781 24,839 D Restricted Stock Unit $ 0 ( 4 ) 11/23/2018 Common 441 25,280 D Restricted Stock Unit $ 0 ( 5 ) 11/16/2019 Common 3,733 29,013 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BAILEY GEOFFREY R 601 CORPORATE CIRCLE GOLDEN, CO80401 X Signatures Geoffrey R. Bailey 11/27/2017 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 1,324 restricted stock units on November 23, 2015 of which 1/3 of the shares of the grant vested on November 23, 2016 and an additional 1/3 of the shares vested on November 23, 2017. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission on November 25, 2015. ( 2 )These Non-Qualified Stock Options vest in three equal annual installments with the first installment vesting March 13, 2016. ( 3 )These Non-Qualified Stock Options vest in three equal annual installments with the first installment vesting November 23, 2016. ( 4 )The reporting person was granted 1,324 restricted stock units on November 23, 2015 of which 1/3 of the shares of the grant 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 reporting person was granted 5,600 restricted stock units on November 16, 2016 vesting at 1/3 of the shares of the grant 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).

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