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

OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response... 0.5

(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.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.