Sec Form 4 Filing - LEFEVER SCOTT @ Good Times Restaurants Inc. - 2018-11-16

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
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)
11/16/2018
(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 11/16/2018 M 2,933 ( 1 ) A $ 0 34,605 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
Restricted Stock Unit $ 0 11/16/2018 M 2,933 ( 1 ) 11/16/2019 11/16/2019 Common Stock 2,933 $ 0 94,566 D
Incentive Stock Options (Right to Buy) $ 4.66 ( 2 ) 11/16/2018 A 8,703 ( 3 ) 11/16/2019 11/16/2028 Common Stock 8,703 $ 4.66 103,269 D
Restricted Stock Units $ 0 11/16/2018 A 9,556 ( 4 ) 11/16/2019 11/16/2021 Common Stock 9,556 $ 0 112,825 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 11/20/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the conversion upon vesting of Restricted Stock Units into Common Stock. The reporting person was granted 8,800 Restricted Stock Units on November 16, 2016 vesting at 1/3 of the total granted amount over three years. Such Restricted Stock Units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
( 2 )The strike price of Incentive Stock Options (Right to Buy) are set at the greater of the closing price on the date of grant or the average closing price of the preceding 90 calendar days.
( 3 )The reporting person was granted 8,703 Incentive Stock Options (Right to Buy) on November 16, 2018 vesting at 1/5 of the total granted amount over five years.
( 4 )The reporting person was granted 9,556 Restricted Stock Units on November 16, 2018 vesting at 1/3 the total amount granted over three years.

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.