Statement of Changes in Beneficial Ownership (4)

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, Corp Secretary
(Last)          (First)          (Middle) 141 UNION BLVD., #400	3. Date of Earliest Transaction (MM/DD/YYYY) 12/18/2020
(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	12/18/2020		S		500	D	$2.20	25737	D
Common Stock	12/18/2020		S		300	D	$2.205	25437	D
Common Stock	12/18/2020		S		959	D	$2.21	24478	D
Common Stock	12/18/2020		S		3299	D	$2.2101	21179	D
Common Stock	12/18/2020		S		129	D	$2.212	21050	D
Common Stock	12/18/2020		S		200	D	$2.215	20850	D
Common Stock	12/18/2020		S		1324	D	$2.22	19526	D
Common Stock	12/18/2020		S		1600	D	$2.23	17926	D
Common Stock	12/18/2020		S		1066	D	$2.24	16860	D
Common Stock	12/18/2020		S		52	D	$2.245	16808	D
Common Stock	12/18/2020		S		1265	D	$2.25	15543	D
Common Stock	12/18/2020		S		2040	D	$2.26	13503	D
Common Stock	12/18/2020		S		597	D	$2.27	12906	D
Common Stock	12/18/2020		S		1612	D	$2.28	11294	D
Common Stock	12/18/2020		S		200	D	$2.29	11094	D
Common Stock	12/18/2020		S		57	D	$2.30	11037	D
Common Stock	12/18/2020		S		437	D	$2.33	10600	D
Common Stock	12/18/2020		S		600	D	$2.34	10000	D
Common Stock	12/18/2020		S		10000	D	$2.345	0	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 (1)	11/16/2021	Common Stock	1934		1936	D
Restricted Stock Units	$0.00							6/27/2021 (2)	6/27/2021	Common Stock	1823		3759	D
Incentive Stock Options (Right to Buy)	$2.31							1/2/2013 (3)	1/2/2023	Common Stock	18132		21891	D
Incentive Stock Options (Right to buy)	$2.48							11/21/2013 (4)	11/21/2023	Common Stock	10000		31891	D
Incentive Stock Options	$5.29							11/23/2015 (5)	11/23/2025	Common Stock	4159		36050	D
Incentive Stock Options (Right to Buy)	$3.15							11/16/2016 (6)	11/16/2026	Common Stock	7700		43750	D
Incentive Stock Options (Right to buy)	$3.55							6/27/2018 (7)	6/27/2028	Common Stock	7324		51074	D
Incentive Stock Options (Right to buy)	$4.25							7/23/2018 (8)	7/23/2028	Common Stock	2123		53197	D
Incentive Stock Options (Right to buy)	$4.66							11/16/2018 (9)	11/16/2028	Common Stock	5579		58776	D

Explanation of Responses:
(1)	The Reporting Person was granted 5,804 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 5,467 Restricted Stock Units ("RSU") 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 18,132 Incentive Stock Options (Right to Buy) on January 2, 2013 vesting at 1/5 of the total amount granted over five years.
(4)	The Reporting Person was granted 10,000 Incentive Stock Options (Right to Buy) on November 21, 2013 vesting at 1/5 of the total amount granted over five years.
(5)	The Reporting Person was granted 4,159 Incentive Stock Options (Right to Buy) on November 23, 2015 vesting at 1/5 of the total amount granted over five years.
(6)	The Reporting Person was granted 7,700 Incentive Stock Options (Right to Buy) on November 16, 2016 vesting at 1/5 of the total amount granted over five years.
(7)	The Reporting Person was granted 7,324 Incentive Stock Options (Right to Buy) on June 27, 2018 vesting at 1/5 of the total amount granted over five years.
(8)	The Reporting Person was granted 2,123 Incentive Stock Options (Right to Buy) on July 23, 2018 vesting at 1/5 of the total amount granted over five years.
(9)	The Reporting Person was granted 5,579 Incentive Stock Options (Right to Buy) on November 16, 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
KNUTSON SUSAN M 141 UNION BLVD., #400 LAKEWOOD, CO 80228			Controller, Corp Secretary

Signatures
Susan M. Knutson		12/22/2020
**Signature of Reporting Person		Date