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 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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(Print or Type Responses)

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 _____ Officer (give title below) _____ Other (specify below) Controller (Last) (First) (Middle) 141 UNION BLVD., #400 3. Date of Earliest Transaction (Month/Day/Year) 07/24/2017 (Street) LAKEWOOD, CO 80228 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 07/24/2017   M   18,163 (1) A $ 0 19,910 D

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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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

Incentive Stock Option

$ 4.41

11/14/2011

11/14/2018

Common

2,034

2.034

D

Incentive Stock Option

$ 3.45

11/06/2012

11/06/2019

Common

1,267

3,301

D

Incentive Stock Option

$ 1.56

12/13/2013

12/13/2020

Common

5,323

8,624

D

Incentive Stock Option

$ 2.31

01/02/2016

01/02/2023

Common

18,132

26,756

D

Incentive Stock Option

$ 2.48

11/21/2016

11/21/2024

Common

10,000

36,756

D

Incentive Stock Option

$ 7.79

(2)

03/13/2025

Common

5,520

42,276

D

Incentive Stock Option

$ 5.29

(3)

11/23/2025

Common

4,159

46,435

D

Restricted Stock Unit

$ 0

(4)

11/23/2018

Common

3,493

49,928

D

Incentive Stock Option

$ 3.15

(5)

11/16/2026

Common

7,700

57,628

D

Restricted Stock Unit

$ 0

(6)

11/16/2019

Common

6,191

63,819

D

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		07/26/2017
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Represents the conversion upon vesting of restricted stock awards into common stock (the "Converted Common Stock "). The reporting person was granted 18,163 restricted stock units which vested on July 23, 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 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 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 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.

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