Sec Form 4 Filing - Billingsley Chester @ Mentor Capital, Inc. - 2018-03-21

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 Billingsley Chester 2. Issuer Name and Ticker or Trading Symbol Mentor Capital, Inc. [ MNTR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) P.O. BOX 1709 3. Date of Earliest Transaction (MM/DD/YY) 03/21/2018 (Street) RAMONA, CA92065 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 3,779,886 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 Series B Warrants $ 0.11 03/21/2018 A 87,456 ( 1 ) 04/11/2000 05/11/2038 Common Stock 87,456 $ 0.11 87,456 D Series D Warrants $ 1.6 03/21/2018 D 87,456 04/11/2000 05/11/2038 Common Stock 87,456 $ 1.6 2,050,228 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Billingsley Chester P.O. BOX 1709 RAMONA, CA92065 X X Chief Executive Officer Signatures /s/ Chester Billingsley 03/22/2018 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The actions reported in this ownership form are intended to reverse the 2014 transaction by which reporting person allowed two persons to act in his stead as designees and exercise 87,456 Series B warrants under a Company agreement which has since been rescinded. In exchange for allowing those two persons to exercise his lower-priced Series B warrants, reporting person was named as a designee of 87,456 of the higher priced Series D warrants. As the transaction with the two persons was rescinded, the exercised shares were returned to the Company, cancelled, and the warrants from which the shares arose were reinstated.

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).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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