Good Times Restaurants (GTIM) Form 4 Good Times Restaurants / Ryan M Zink ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0287
Estimated average burden
hours per response:	0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Zink Ryan M

(Last) (First) (Middle)

651 CORPORATE CIRCLE, SUITE 200

SUITE 200

(Street)

GOLDEN CO 80401

(City) (State) (Zip)

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
X	Officer (give title below)	Other (specify below)
CEO and Director

3. Date of Earliest Transaction (Month/Day/Year)
11/08/2022

4. If Amendment, Date of 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

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								119,230	D
Common Stock								6,300	I	Shares held in spouse's IRA

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 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: 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	11/08/2022		A		1,750		(1)	11/08/2032	Common Stock	1,750	$0.00	1,750	D
Incentive Stock Option (Right to Buy)	$3	11/08/2022		A		20,000		(2)	11/08/2032	Common Stock	20,000	$0.00	20,000	D
Incentive Stock Option (Right to Buy)	$5.2							(3)	09/28/2028	Common Stock	80,000		80,000	D
Incentive Stock Option (Right to Buy)	$2.33							04/05/2021(4)	12/23/2027	Common Stock	90,000		90,000	D
Incentive Stock Options (Right to buy)	$5							10/12/2018(5)	10/12/2028	Common Stock	15,000		15,000	D
Incentive Stock Options (Right to buy)	$4.66							11/16/2018(6)	11/16/2028	Common Stock	12,876		12,876	D

Explanation of Responses:

1. The Reporting Person was granted 1,750 Restricted Stock Units on November 8, 2022 vesting on November 8, 2025.

2. The Reporting Person was granted 20,000 Incentive Stock Options on November 8, 2022 vesting at 1/5 of the total granted amount over five years.

3. The Reporting Person was granted 80,000 Incentive Stock Options on September 29, 2021. The shares awarded include a vesting condition whereby the vesting shall occur on the date on which the price of the Company common stock (as traded on the Nasdaq Capital Market) is $6.00, as measured based on the trailing 60 calendar day volume-weighted average price (VWAP) of Company common stock.

4. The Reporting Person was granted 90,000 Incentive Stock Options on December 24, 2020. Such incentive stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission. The vesting conditions were met on April 5, 2021.

5. The Reporting Person was granted 15,000 Incentive Stock Options on October 12, 2018 vesting at 1/5 of the total granted amount over five years. 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 12,876 Incentive Stock Options on November 16, 2018 vesting at 1/5 of the total granted amount over five years.

Remarks:

	/s/ Ryan M. Zink	11/08/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.