William F. Matlack - May 6, 2021 Form 4 Insider Report for Timberline Resources Corp (TLRS)

Role: Director, 10%+ Owner
Signature: William Matlack
Stock symbol: TLRS
Transactions as of: May 6, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/8/2021, 09:45 PM
Next filing: Jul 21, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TLRS	Stock Options (Right to Buy)	Award	$0	+200K	+1.6%	$0.00	12.7M	May 6, 2021	Common shares	200K	$0.25	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.