Matlack William Fuller 4
4 · Timberline Resources Corp · Filed Sep 17, 2020
Insider Transaction Report
Form 4
Matlack William Fuller
Director10% Owner
Transactions
- Conversion
Series I warrants
2020-09-14$0.07/sh−3,543,600$248,052→ 0 totalExercise: $0.07From: 2019-11-29Exp: 2020-11-07→ Common shares (3,543,600 underlying) - Purchase
Common shares
2020-09-14$0.07/sh+3,543,600$248,052→ 19,191,042 total
Footnotes (1)
- [F1]1. 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. Common shares and share purchase warrants were acquired as part of a private placement financing by the issuer. Calculated as 19.99% of common shares issued outstanding given restrictions on share ownership and the exercise of warrants described herein.