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 * 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)
601 CORPORATE CIRCLE
3. Date of Earliest Transaction (MM/DD/YYYY)
12/27/2019
(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  12/27/2019    P    7300  A $1.60  22634  D   
Common Stock  12/27/2019    P    7050  A $1.55  29684  D   
Common Stock  12/27/2019    P    2300  A $1.5485  31984  D   
Common Stock  12/27/2019    P    1800  A $1.5492  33784  D   
Common Stock  12/27/2019    P    1250  A $1.540  35034  D   
Common Stock  12/27/2019    P    200  A $1.575  35234  D   
Common Stock  12/27/2019    P    100  A $1.545  35334  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                  11/16/2019 (1) 11/16/2021  Common Stock  1827    1827  D   
Restricted Stock Units  $0.00                  6/27/2018 (2) 6/27/2021  Common Stock  3230    5057  D   
Non-Qualified Stock Options  $1.56                  12/13/2010 (3) 12/13/2020  Common Stock  666    666  D   
Non-Qualified Stock Options  $1.31                  12/14/2011 (4) 12/14/2021  Common Stock  5000    5666  D   
Non-Qualified Stock Options  $2.31                  1/2/2013 (5) 1/2/2023  Common Stock  2000    7666  D   
Non-Qualified Stock Options  $2.44                  9/27/2013 (6) 9/27/2023  Common Stock  5000    12666  D   
Non-Qualified Stock Options  $5.29                  11/23/2015 (7) 11/23/2025  Common Stock  3781    16447  D   
Non-Qualified Stock Options  $4.25                  7/23/2018 (8) 7/23/2028  Common Stock  2715    19162  D   

Explanation of Responses:
(1)  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.
(2)  The Reporting Person was granted 4,865 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.
(3)  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.
(4)  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.
(5)  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.
(6)  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.
(7)  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.
(8)  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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BAILEY GEOFFREY R
601 CORPORATE CIRCLE
GOLDEN, CO 80401
X



Signatures
Geoffrey R. Bailey 1/2/2020
**Signature of Reporting Person Date
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