-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BQRq9IloUerDQ2HbdFeqOfOwPnG6oLlvUBhLowbTlbdolH0QyUm2t/j0zhiJqtcH d1ziwHWwI7Q8QI72p1JLlw== 0001337851-07-000015.txt : 20070618 0001337851-07-000015.hdr.sgml : 20070618 20070618172511 ACCESSION NUMBER: 0001337851-07-000015 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070614 FILED AS OF DATE: 20070618 DATE AS OF CHANGE: 20070618 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Timberline Resources Corp CENTRAL INDEX KEY: 0001288750 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 820291227 BUSINESS ADDRESS: STREET 1: 1100 EAST LAKESHORE DRIVE, SUITE 301 CITY: COEUR D?ALENE STATE: ID ZIP: 83814 BUSINESS PHONE: (208) 664-4859 MAIL ADDRESS: STREET 1: 1100 EAST LAKESHORE DRIVE, SUITE 301 CITY: COEUR D?ALENE STATE: ID ZIP: 83814 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Praetorian Capital Management LLC CENTRAL INDEX KEY: 0001337851 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-51549 FILM NUMBER: 07926617 BUSINESS ADDRESS: STREET 1: 119 WASHINGTON AVENUE STREET 2: SUITE 600 CITY: MIAMI BEACH STATE: FL ZIP: 33139 BUSINESS PHONE: 305-938-2800 MAIL ADDRESS: STREET 1: 119 WASHINGTON AVENUE STREET 2: SUITE 600 CITY: MIAMI BEACH STATE: FL ZIP: 33139 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2007-06-14 0 0001288750 Timberline Resources Corp TBLC 0001337851 Praetorian Capital Management LLC 119 WASHINGTON AVENUE SUITE 600 MIAMI BEACH FL 33139 0 0 1 0 Common Stock, par value $0.0001 2007-06-14 4 P 0 600000 1 A 4000000 I See Footnote 1 Warrant to purchase Common Stock, $0.001 par 1 2007-06-14 4 X 0 600000 1 D 2006-12-22 2008-12-21 Common stock, $0.001 par value 600000 1025000 I See Footnotes This Form 4 is being filed by Praetorian Capital Management LLC, a Delaware Limited Liability Company (the "Management Company") which serves as investment manager or advisor to Praetorian Offshore Ltd. (the "Fund") with respect to the shares identified in this filing. The Management Company makes the investment and voting decisions on behalf of the Fund but owns no direct investments in the securities of the Issuer. The Fund directly owns the shares of the Common Stock of the Issuer but does not make any decisions as to voting or buying or selling shares of the Issuer. Reporting Person exercised a portion of its Warrant to purchase Common Stock. The exercise was for 600,000 shares of Common Stock, at an exercise price of $1.00 per share. Reporting Person continues to hold the balance of the Warrant to purchase 1,025,000 shares of Common Stock, exercisable at a price of $1.00 per common share purchased. Harris B. Kupperman 2007-06-18 -----END PRIVACY-ENHANCED MESSAGE-----