Matlack William Fuller 4
4 · Timberline Resources Corp · Filed Jan 13, 2020
Insider Transaction Report
Form 4
Matlack William Fuller
Director10% Owner
Transactions
- Award
Stock Options
2019-10-29+404,348→ 1,807,582 totalExercise: $0.08From: 2019-10-29Exp: 2024-10-29→ Common shares (404,348 underlying)
Footnotes (1)
- [F1]Warrants may not be exercised, except within 61 days of expiration, if such exercise would cause holder to beneficially own or exercise control or direction over 9.99% or greater of the issued and outstanding voting shares of the issuer. Warrants may not be exercised if such exercise would cause holder to beneficially own or exercise control or direction over 19.99% or greater of the issued and outstanding voting shares of the issuer. Stock options were acquired upon joining the issuer's board of directors on 10/29/2019. Number of derivative securities was calculated as 19.98% of shares issued and outstanding minus 13,021,679 common shares beneficially owned given restrictions on the exercise of warrants described herein.