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
                                                                                  
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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
(Last)          (First)          (Middle)

141 UNION BLVD., #400 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/16/2017
(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   11/16/2017     M    2064   (1) D $0.00   14300   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
Incentive Stock Option   $4.41                    11/14/2011   11/14/2018   Common   2034     2.034   D    
Incentive Stock Option   $3.45                    11/6/2012   11/6/2019   Common   1267     3301   D    
Incentive Stock Option   $1.56                    12/13/2013   12/13/2020   Common   5323     8624   D    
Incentive Stock Option   $2.31                    1/2/2016   1/2/2023   Common   18132     26756   D    
Incentive Stock Option   $2.48                    11/21/2016   11/21/2024   Common   10000     36756   D    
Incentive Stock Option   $7.79                      (2) 3/13/2025   Common   5520     42276   D    
Incentive Stock Option   $5.29                      (3) 11/23/2025   Common   4159     46435   D    
Restricted Stock Unit   $0.00                      (4) 11/23/2018   Common   3493     49928   D    
Incentive Stock Option   $3.15                      (5) 11/16/2026   Common   7700     57628   D    
Restricted Stock Unit   $0.00                      (6) 11/16/2019   Common   4127     61755   D    

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 6,191 restricted stock units on November 16, 2016 of which 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.
(2)  The Incentive Stock Options vest in three equal annual installments with the first installment vesting March 13, 2016.
(3)  The Incentive Stock Options vest in three equal annual installments with the first installment vesting November 23, 2016.
(4)  The reporting person was granted 5,240 restricted stock units on November 23, 2015 of which 1/3 of the total granted amount 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 Incentive Stock Options vest in three equal annual installments with the first installment vesting November 16, 2017.
(6)  The reporting person was granted 6,191 restricted stock units on November 16, 2016 of which 1/3 of the total granted amount 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.

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

Controller

Signatures
Susan M. Knutson 11/20/2017
** Signature of Reporting Person Date


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 control number.
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