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 * 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)
651 CORPORATE CIRCLE, SUITE 200
3. Date of Earliest Transaction (MM/DD/YYYY)
3/18/2021
(Street)
GOLDEN, CO 80401
(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  3/18/2021    M    22346 (1) A $2.31  74513  D   
Common Stock  3/18/2021    M    13000 (2) A $2.48  87513  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                  11/16/2020 (3) 11/16/2021  Common Stock  3186    3186  D   
Restricted Stock Units  $0.00                  6/27/2018 (4) 6/27/2021  Common Stock  3138    6324  D   
Incentive Stock Options  $5.29                  11/23/2015 (5) 11/23/2025  Common Stock  7089    13413  D   
Incentive Stock Options (Right to Buy)  $3.15                  11/16/2016 (6) 11/16/2026  Common Stock  12500    25913  D   
Incentive Stock Options (Right to buy)  $3.55                  6/27/2018 (7) 6/27/2028  Common Stock  11424    37337  D   
Incentive Stock Options (Right to buy)  $4.25                  7/23/2018 (8) 7/23/2028  Common Stock  4443    41780  D   
Incentive Stock Options (Right to buy)  $4.66                  11/16/2018 (9) 11/16/2028  Common Stock  8703    50483  D   

Explanation of Responses:
(1)  Represents the exercise of 22,346 Incentive Stock Options granted to the Reporting Person on January 2, 2013 vesting at 1/5 of the total amount granted over five years.
(2)  Represents the exercise of 13,000 Incentive Stock Options granted to the Reporting Person on November 21, 2013 vesting at 1/5 of the total amount granted over five years.
(3)  The Reporting Person was granted 9,556 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 9,412 Restricted Stock Units 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 7,089 Incentive Stock Options (Right to Buy) on November 23, 2015 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
(6)  The Reporting Person was granted 12,500 Incentive Stock Options (Right to Buy) on November 16, 2016 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
(7)  The Reporting Person was granted 11,424 Incentive Stock Options (Right to Buy) on June 27, 2018 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
(8)  The Reporting Person was granted 4,443 Incentive Stock Options (Right to Buy) on July 23, 2018 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
(9)  The Reporting Person was granted 8,703 Incentive Stock Options (Right to Buy) on November 16, 2018 vesting at 1/5 of the total amount granted over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
LEFEVER SCOTT
651 CORPORATE CIRCLE, SUITE 200
GOLDEN, CO 80401


Vice President of Operations

Signatures
Scott G. LeFever 3/19/2021
**Signature of Reporting Person Date
Good Times Restaurants (NASDAQ:GTIM)
Historical Stock Chart
From Jun 2021 to Jul 2021 Click Here for more Good Times Restaurants Charts.
Good Times Restaurants (NASDAQ:GTIM)
Historical Stock Chart
From Jul 2020 to Jul 2021 Click Here for more Good Times Restaurants Charts.