-----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, UIXvRs51MDM5WadwliOORgSb+2uo8g1CB10rEU9TaapV9y+GMHVhsPI5+MYEKpKB UqVhcIatnui0xoNyfvkdOw== 0001337851-08-000070.txt : 20080423 0001337851-08-000070.hdr.sgml : 20080423 20080423171327 ACCESSION NUMBER: 0001337851-08-000070 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080422 FILED AS OF DATE: 20080423 DATE AS OF CHANGE: 20080423 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: 101 EAST LAKESIDE AVENUE CITY: COEUR D'ALENE STATE: ID ZIP: 83814 BUSINESS PHONE: (208) 664-4859 MAIL ADDRESS: STREET 1: 101 EAST LAKESIDE AVENUE 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: 08772403 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 2008-04-22 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 $0.001 2008-04-22 4 P 0 2500 3.278 A 5275033 I See footnotes Common Stock, par value $0.001 2008-04-23 4 P 0 4000 3.2462 A 5279033 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. and Praetorian Institutional Offshore Ltd. (the "Funds") with respect to the shares identified in this filing. The Management Company makes the investment and voting decisions on behalf of the Funds but owns no direct investments in the securities of the Issuer. The Funds directly own the shares of the Common Stock of the Issuer but do not make any decisions as to voting or buying or selling shares of the Issuer. Praetorian Offshore Ltd. owns 4,755,133 shares, of which 2,300 and 3,500 were purchased on April 22, 2008, and April 23, 2008, respectively. Praetorian Institutional Offshore Ltd. owns 523,900 shares, of which 200 and 500 were purchased on April 22, 2008, and April 23, 2008, respectively. In total, the Funds own 5,279,033 shares. Harris B. Kupperman 2008-04-23 -----END PRIVACY-ENHANCED MESSAGE-----