Sec Form 4 Filing - BAILEY GEOFFREY R @ Good Times Restaurants Inc. - 2020-11-16

Insider filing report for Changes in Beneficial Ownership
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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)
141 UNION BLVD., STE 400
3. Date of Earliest Transaction (MM/DD/YY)
11/16/2020
(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 11/16/2020 M( 1 ) 913 A $ 0 44,862 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 Units $ 0 11/16/2020 M 913 ( 1 ) 11/16/2020( 2 ) 11/16/2021 Common Stock 913 $ 0 914 D
Restricted Stock Units $ 0 06/27/2020( 3 ) 06/27/2021 Common Stock 1,615 1,615 D
Non-Qualified Stock Options $ 1.56 12/13/2010( 4 ) 12/13/2020 Common Stock 666 4,108 D
Non-Qualified Stock Options $ 1.31 12/14/2011( 5 ) 12/14/2021 Common Stock 5,000 9,108 D
Non-Qualified Stock Options $ 2.31 01/02/2013( 6 ) 01/02/2023 Common Stock 2,000 11,108 D
Non-Qualified Stock Options $ 2.44 09/27/2013( 7 ) 09/27/2023 Common Stock 5,000 16,108 D
Non-Qualified Stock Options $ 5.29 11/23/2015( 8 ) 11/23/2025 Common Stock 3,781 19,889 D
Non-Qualified Stock Options $ 4.25 07/23/2018( 9 ) 07/23/2028 Common Stock 2,715 22,604 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BAILEY GEOFFREY R
141 UNION BLVD., STE 400
LAKEWOOD, CO80228
X
Signatures
Geoffrey R. Bailey 11/18/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the conversion upon vesting of Restricted Stock Units into Common Stock.
( 2 )The Reporting Person was granted 2,740 Restricted Stock Units on November 16, 2018 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
( 3 )The Reporting Person was granted 4,865 Restricted Stock Units ("RSU") on June 27, 2018 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.
( 4 )The Reporting Person was granted 666 (post-split reflected) Non-Qualified Stock Options (Right to Buy) on December 13, 2010 vesting at 1/5 of the total amount granted over five years.
( 5 )The Reporting Person was granted 5,000 Non-Qualified Stock Options (Right to Buy) on December 14, 2011 vesting at 1/5 of the total amount granted over five years.
( 6 )The Reporting Person was granted 2,000 Non-Qualified Stock Options (Right to Buy) on January 1, 2013 vesting at 1/5 of the total amount granted over five years.
( 7 )The Reporting Person was granted 5,000 Non-Qualified Stock Options (Right to Buy) on September 27, 2013 vesting at 1/5 of the total amount granted over five years.
( 8 )The Reporting Person was granted 3,781 Non-Qualified Stock Options (Right to Buy) on November 23, 2015 vesting at 1/5 of the total amount granted over five years.
( 9 )The Reporting Person was granted 2,715 Non-Qualified Stock Options (Right to Buy) on July 23, 2018 vesting at 1/5 of the total amount granted over five years.

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