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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * KNUTSON SUSAN M 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)
Controller, Corp Secretary
(Last)         (First)         (Middle)
141 UNION BLVD., #400
3. Date of Earliest Transaction (MM/DD/YYYY)
11/16/2019
(Street)
LAKEWOOD, CO 80228
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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  11/18/2019    M(1)    2063 (1) A $0.00  22542  D   
Common Stock  11/18/2019    F(2)    707  D $1.74  21835  D   
Common Stock  11/18/2019    M(3)    1934 (3) A $0.00  23769  D   
Common Stock  11/18/2019    F(2)    663  D $1.74  23106  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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  $0.00  11/18/2019    M        2063 (1)  11/16/2019  11/16/2021  Common Stock  2063  $0.00  0  D   
Restricted Stock Units  $0.00  11/18/2019    M        1934 (3)  11/16/2019  11/16/2021  Common Stock  1934  $0.00  3870  D   
Restricted Stock Units  $0.00                  6/27/2018 (4) 11/16/2021  Common Stock  3645    7515  D   
Incentive Stock Options (Right to buy)  $1.56                  12/13/2010 (5) 12/13/2020  Common Stock  5323    5323  D   
Incentive Stock Options (Right to Buy)  $2.31                  1/2/2013 (6) 1/2/2023  Common Stock  18132    23455  D   
Incentive Stock Options (Right to buy)  $2.48                  11/21/2013 (7) 11/21/2023  Common Stock  10000    33455  D   
Incentive Stock Options  $5.29                  11/23/2015 (8) 11/23/2025  Common Stock  4159    37614  D   
Incentive Stock Options (Right to Buy)  $3.15                  11/16/2016 (9) 11/16/2026  Common Stock  7700    45314  D   
Incentive Stock Options (Right to buy)  $3.55                  6/27/2018 (10) 6/27/2028  Common Stock  7324    52638  D   
Incentive Stock Options (Right to buy)  $4.25                  7/23/2018 (11) 7/23/2028  Common Stock  2123    54761  D   
Incentive Stock Options (Right to buy)  $4.66                  11/16/2018 (12) 11/16/2028  Common Stock  5579    60340  D   

Explanation of Responses:
(1)  Represents the conversion upon vesting of Restricted Stock Units into Common Stock. The Reporting Person was granted 6,191 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)  Represents shares withheld to cover the exercise price of the options exercised.
(3)  Represents the conversion upon vesting of Restricted Stock Units into Common Stock. The Reporting Person was granted 5,804 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.
(4)  The Reporting Person was granted 5,467 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.
(5)  The Reporting Person was granted 5,323 Incentive Stock Options (Right to Buy) on December 13, 2010 vesting at 1/5 of the total amount granted over five years.
(6)  The Reporting Person was granted 18,132 Incentive Stock Options (Right to Buy) on January 2, 2013 vesting at 1/5 of the total amount granted over five years.
(7)  The Reporting Person was granted 10,000 Incentive Stock Options (Right to Buy) on November 21, 2013 vesting at 1/5 of the total amount granted over five years.
(8)  The Reporting Person was granted 4,159 Incentive 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 7,700 Incentive Stock Options (Right to Buy) on November 16, 2016 vesting at 1/5 of the total amount granted over five years.
(10)  The Reporting Person was granted 7,324 Incentive Stock Options (Right to Buy) on June 27, 2018 vesting at 1/5 of the total amount granted over five years.
(11)  The Reporting Person was granted 2,123 Incentive Stock Options (Right to Buy) on July 23, 2018 vesting at 1/5 of the total amount granted over five years.
(12)  The Reporting Person was granted 7,700 Incentive Stock Options (Right to Buy) on November 16, 2018 vesting at 1/5 of the total amount granted over five years.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
KNUTSON SUSAN M
141 UNION BLVD., #400
LAKEWOOD, CO 80228


Controller, Corp Secretary

Signatures
Susan M. Knutson 11/20/2019
**Signature of Reporting Person Date
Good Times Restaurants (NASDAQ:GTIM)
Historical Stock Chart
From Jul 2020 to Aug 2020 Click Here for more Good Times Restaurants Charts.
Good Times Restaurants (NASDAQ:GTIM)
Historical Stock Chart
From Aug 2019 to Aug 2020 Click Here for more Good Times Restaurants Charts.