Ownership Submission
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 *
HOBACK BOYD E
  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)
President, CEO
(Last)
(First)
(Middle)
141 UNION BOULEVARD, #400
3. Date of Earliest Transaction (Month/Day/Year)
05/16/2017
(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 05/16/2018   P   2,000 A $ 3.187 92,927 D  
Common 05/16/2018   P   400 A $ 3.183 93,327 D  
Common 05/16/2018   P   600 A $ 3.185 93,927 D  
Common 05/17/2018   P   200 A $ 3.199 94,127 D  
Common 05/17/2018   P   300 A $ 3.175 94,427 D  
Common 05/17/2018   P   110 A $ 3.2 94,537 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 9,500   9,500 D  
Incentive Stock Option $ 3.45             11/06/2012 11/06/2019 Common 4,550   14,050 D  
Incentive Stock Option $ 1.56             12/13/2013 12/13/2020 Common 10,647   24,697 D  
Non Qualified Stock Option $ 1.31             12/14/2014 12/14/2021 Common 5,000   29,697 D  
Incentive Stock Option $ 2.31             01/02/2016 01/02/2023 Common 45,696   75,393 D  
Incentive Stock Option $ 2.48             11/21/2016 11/21/2023 Common 44,000   119,393 D  
Incentive Stock Option $ 7.79               (1) 03/13/2025 Common 38,511   157,904 D  
Non Qualified Stock Option $ 7.79               (2) 03/13/2025 Common 38,511   196,415 D  
Incentive Stock Option $ 5.29               (3) 11/23/2025 Common 16,635   213,050 D  
Incentive Stock Option $ 3.15               (4) 11/16/2026 Common 29,333   242,383 D  
Restricted Stock Unit $ 0               (5) 11/16/2019 Common 13,034   255,417 D  
Restricted Stock Unit $ 0               (6) 11/23/2018 Common 4,075   259,492 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HOBACK BOYD E
141 UNION BOULEVARD, #400
LAKEWOOD, CO 80228
      President, CEO  

Signatures

 Boyd E. Hoback   05/18/2017
**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) The Incentive Stock Options vest in three equal annual installments with the first installment vesting March 13, 2016.
(2) These Non-Qualified 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 Incentive Stock Options vest in three equal annual installments with the first installment vesting November 16, 2017.
(5) The reporting person was granted 19,551 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.
(6) The reporting person was granted 12,227 restricted stock units on November 23, 2015 of which 1/3 of the shares of the grant vested on November 23, 2016 and an additional 1/3 of the shares vested on November 23, 2017. 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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