Sec Form 4 Filing - KOLVOORD ROGER W @ METALLINE MINING CO - 2010-07-29

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person KOLVOORD ROGER W 2. Issuer Name and Ticker or Trading Symbol METALLINE MINING CO [ MMG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Vice President (Last) (First) (Middle) C/O METALLINE MINING COMPANY, 1330 E. MARGARET AVE. 3. Date of Earliest Transaction (MM/DD/YY) 07/29/2010 (Street) COEUR D' ALENE, ID83815 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock ( 3 ) 07/29/2010 J 93,818 A $ 0.34 463,224 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Options ( 1 ) $ 2.59 05/01/2006 05/01/2016 Common Stock 750,000 750,000 D Stock Options ( 2 ) $ 2.18 01/18/2008 01/18/2018 Common Stock 100,000 100,000 D Stock Options ( 3 ) $ 0.34 07/29/2010 X 93,000 02/11/2010 02/11/2019 Common Stock 93,000 $ 0 0 D Stock Options ( 3 ) $ 0.34 07/29/2010 X 75,000 02/11/2010 02/11/2019 Common Stock 75,000 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KOLVOORD ROGER W C/O METALLINE MINING COMPANY 1330 E. MARGARET AVE. COEUR D' ALENE, ID83815 Executive Vice President Signatures /s/ Roger Kolvoord 08/02/2010 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Options granted pursuant to the Company's 2006 Stock Option Plan on May 1, 2006, and such options vest when the Company's shareholders approve an increase in authorized common stock. This transaction is exempt from 16(b) pursuant to Rule 16b-3(d). ( 2 )Options granted pursuant to the Company's 2006 Stock Option Plan on January 18, 2008. ( 3 )On July 29, 2010 Mr. Kolvoord exercised 168,000 options granted to him in February 2009 on a cashless basis and acquired 93,818 shares of common stock upon the exercise. This transaction is exempt from Section 16(b) pursuant to Rule 16b-6

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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