Guill Ronald W 4
4 · Timberline Resources Corp · Filed Dec 24, 2008
Insider Transaction Report
Form 4
Guill Ronald W
Director10% Owner
Transactions
- Other
Common Stock
2008-12-01$0.90/sh+5,555,556$5,000,000→ 5,556,556 total - Purchase
Convertible Promissory Note
2008-12-01+3,333,333→ 3,333,333 total(indirect: By LLC)Exp: 2010-10-31→ Common Stock (3,333,333 underlying)
Footnotes (2)
- [F1]The reporting person was issued a convertible promissory note for $5,000,000, automatically convertible into 5,555,556 common shares of the issuer at a price of $0.90 per share, provided that NYSE Alternext approval is obtained and all other contingencies for issuance of the stock are received and the stock is converted on or before December 31, 2008.
- [F2]The reporting person is the sole owner of Small Mine Development, LLC, the holder of a convertible note in the amount of $5,000,000, which can be converted into 3,333,333 common shares of the issuer at a price of $1.50 per share, through October 31, 2010.