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 *

Stapleton John F
2. Issuer Name and Ticker or Trading Symbol

EL CAPITAN PRECIOUS METALS INC [ ECPN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
CFO and Chairman of the Board
(Last)          (First)          (Middle)

3190 HIGH POINT DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

8/1/2014
(Street)

CHASKA, MN 55318
(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                  4495980   D    

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
Stock Options   $0.38                    12/12/2013   1/31/2019   Common Stock   500000     500000   D    
Stock Options   $0.21                    7/6/2012   7/6/2022   Common Stock   500000     500000   D    
Stock Options   $1.02                    11/30/2012   2/7/2018   Common Stock   500000     500000   D    
Stock Options (right to buy)   $0.215                    1/15/2013   1/15/2018   Common Stock   500000     500000   D    
Stock Options (right to buy)   $0.16                    12/12/2013   12/12/2018   Common Stock   500000     500000   D    
Stock Options (right to buy)   $0.31                    3/14/2014   3/14/2019   Common Stock   500000     500000   D    
Series B Convertible Preferred Stock     (1) 8/1/2014     P      51       8/1/2014     (2) Common Stock   51   $51   51   D    

Explanation of Responses:
( 1)  Series B Convertible Preferred Stock is convertible into common stock on a one-for-one basis. The Series B Convertible Preferred Stock provides that the holders of outstandng shares of Series B Convertiible Preferred Stock hold in the aggregate approximately 51% of the total voting power of all issued and outstanding voting capital of the Issuer. These voting rights apply solely with respect to matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent and relate to Company capitalization (including, without limitation, increasing and/or decreasing the number of authorized shares of common stock and/or preferred stock, and implementing forward and/or reverse stock splits) and changes in the Company's name. The holders of outstanding shares of Series B Converible Preferred Stock do not otherwise have the right to vote on matters brought before the stockholders.
( 2)  No expiration date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Stapleton John F
3190 HIGH POINT DRIVE
CHASKA, MN 55318
X
CFO and Chairman of the Board

Signatures
/s/ John F. Stapleton 8/5/2014
** 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.
El Capitan Precious Metals (CE) (USOTC:ECPN)
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