diff --git a/ChangeLog b/ChangeLog
index ed6a5ea..c2538e0 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,6 @@
+* 4.3.6 - unreleased
+
+- FunctionTimedOut inherits TimeoutError instead of BaseException
 
 * 4.3.5 - Aug 19 2019
 
diff --git a/README.md b/README.md
index b048b48..4fd35c7 100644
--- a/README.md
+++ b/README.md
@@ -31,7 +31,7 @@ This is the function wherein you pass the timeout, the function you want to call
 **Example**
 
 
-So, for esxample, if you have a function "doit('arg1', 'arg2')" that you want to limit to running for 5 seconds, with func\_timeout you can call it like this:
+So, for example, if you have a function "doit('arg1', 'arg2')" that you want to limit to running for 5 seconds, with func\_timeout you can call it like this:
 
 
 	from func_timeout import func_timeout, FunctionTimedOut
diff --git a/README.rst b/README.rst
index ee9c902..2d5f4ea 100644
--- a/README.rst
+++ b/README.rst
@@ -39,7 +39,7 @@ This is the function wherein you pass the timeout, the function you want to call
 **Example**
 
 
-So, for esxample, if you have a function "doit('arg1', 'arg2')" that you want to limit to running for 5 seconds, with func\_timeout you can call it like this:
+So, for example, if you have a function "doit('arg1', 'arg2')" that you want to limit to running for 5 seconds, with func\_timeout you can call it like this:
 
 
 	from func\_timeout import func\_timeout, FunctionTimedOut
diff --git a/func_timeout/exceptions.py b/func_timeout/exceptions.py
index cd0d130..d3b707e 100644
--- a/func_timeout/exceptions.py
+++ b/func_timeout/exceptions.py
@@ -9,7 +9,7 @@ __all__ = ('FunctionTimedOut', 'RETRY_SAME_TIMEOUT')
 
 RETRY_SAME_TIMEOUT = 'RETRY_SAME_TIMEOUT'
 
-class FunctionTimedOut(BaseException):
+class FunctionTimedOut(TimeoutError):
     '''
         FunctionTimedOut - Exception raised when a function times out
 
@@ -51,7 +51,7 @@ class FunctionTimedOut(BaseException):
         if not msg:
             msg = self.getMsg()
 
-        BaseException.__init__(self, msg)
+        TimeoutError.__init__(self, msg)
 
         self.msg = msg