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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

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/YYYY)

5/18/2017
(Street)

RAMONA, CA 92065
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/18/2017     S   V (1) 67600   D $1.4   4403886   D    
Common Stock   5/18/2017     S   V (2) 64803   D $1.4   0   I   by Son   (3)
Common Stock   5/18/2017     S   V (4) 65851   D $1.4   0   I   by Son   (5)
Common Stock   5/18/2017     S   V (6) 24828   D $1.4   0   I   by Spouse   (7)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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

Explanation of Responses:
(1)  Reporting person voluntarily reports early that pursuant to his 10b5-1 contract exactly 67,600 shares will be sold between 5/18/2017 and 8/14/2017 in equal weekly sell order lots of 5,200 shares every Monday between the BID and ASK price at approximately $1.40 per share. Any residual shares remaining in the final two weeks will be sold at a market price.
(2)  Reporting person's son voluntarily reports early that pursuant to his 10b5-1 contract exactly 64,083 shares will be sold between 5/18/2017 and 8/14/2017 in equal weekly sell order lots of 5,000 shares every Tuesday between the BID and ASK price at approximately $1.40 per share. Any residual shares remaining in the final two weeks will be sold at a market price.
(3)  Directly held by reporting person's son. The reporting person disclaims beneficial ownership of the issuer's common stock that his son holds.
(4)  Reporting person's son voluntarily reports early that pursuant to his 10b5-1 contract exactly 65,851 shares will be sold between 5/18/2017 and 8/14/2017 in equal weekly sell order lots of 5,000 shares every Wednesday between the BID and ASK price at approximately $1.40 per share. Any residual shares remaining in the final two weeks will be sold at a market price.
(5)  Directly held by reporting person's son. The reporting person disclaims beneficial ownership of the issuer's common stock that his son holds.
(6)  Reporting person's spouse voluntarily reports early that pursuant to her 10b5-1 contract exactly 24,828 shares will be sold between 5/18/2017 and 8/14/2017 in equal weekly sell order lots of 1,900 shares every Thursday between the BID and ASK price at approximately $1.40 per share. Any residual shares remaining in the final two weeks will be sold at a market price.
(7)  Directly held by reporting person's spouse. The reporting person disclaims beneficial ownership of the issuer's common stock that his spouse holds.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Billingsley Chester
P.O. BOX 1709
RAMONA, CA 92065 		X X Chief Executive Officer

Signatures
/s/ Chester Billingsley 5/22/2017
** Signature of Reporting Person Date


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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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