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

OMB APPROVAL

OMB Number:

3235-0287

Estimated average burden
hours per response...

0.5

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) 141 UNION BLVD., STE 400	3. Date of Earliest Transaction (MM/DD/YYYY) 1/28/2021
(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	1/28/2021		A(1)		3237	A	$2.78	48099	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 (2)	11/16/2021	Common Stock	913		914	D
Restricted Stock Units	$0.00							6/27/2020 (3)	6/27/2021	Common Stock	1615		1615	D
Non-Qualified Stock Options	$1.56							12/13/2010 (4)	12/13/2020	Common Stock	666		4108	D
Non-Qualified Stock Options	$1.31							12/14/2011 (5)	12/14/2021	Common Stock	5000		9108	D
Non-Qualified Stock Options	$2.31							1/2/2013 (6)	1/2/2023	Common Stock	2000		11108	D
Non-Qualified Stock Options	$2.44							9/27/2013 (7)	9/27/2023	Common Stock	5000		16108	D
Non-Qualified Stock Options	$5.29							11/23/2015 (8)	11/23/2025	Common Stock	3781		19889	D
Non-Qualified Stock Options	$4.25							7/23/2018 (9)	7/23/2028	Common Stock	2715		22604	D

Explanation of Responses:
(1)	The reporting person received a discretionary grant of common stock.
(2)	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
(3)	The Reporting Person was granted 4,865 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.
(4)	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.
(5)	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.
(6)	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.
(7)	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.
(8)	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.
(9)	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 141 UNION BLVD., STE 400 LAKEWOOD, CO 80228	X

Signatures
Geoffrey R. Bailey		1/28/2021
**Signature of Reporting Person		Date