FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ X ] Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

                                                                                  

OMB APPROVAL
OMB Number: 3235-0362
Estimated average burden
hours per response...
1.0
                      
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 *

Eldred Micah James

2. Issuer Name and Ticker or Trading Symbol

Endurance Exploration Group, Inc. [EXPL]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President

(Last)          (First)          (Middle)

15500 ROOSEVELT BLVD.,  SUITE 303

3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2013 
(Street)

CLEARWATER, FL 33760

(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)
Amount (A) or (D) Price
Common Stock   6/6/2013     J4   (2) 17497809   D $0   (3) 20533668   I   by Endeavour Cooperative Partners LLC  
Common Stock   12/31/2013     C4   (2) (4) 328943   A $0.0069   20533668   I   by Endeavour Cooperative Partners LLC  
Common Stock   12/31/2013     J4   (5) 8488999   A $0.0229   20533668   I   by Endeavour Cooperative Partners LLC  
Common Stock   12/31/2013     J4   (6) 8488997   D $0.0001   20533668   I   by Endeavour Cooperative Partners LLC  
Common Stock   12/31/2013     J4   (7) 777614   D $0.0001   20533668   I   by Endeavour Cooperative Partners LLC  
Common Stock   12/31/2013     J4   (8) 6055695   A $0.0001   20533668   D    
Common Stock   12/31/2013     J4   (7) 777614   A $0   20533668   D    
Common Stock   12/31/2013     J4   (11) 13700359   A $0.0174   (11) 20533668   D    

Table II - Derivative Securities Acquired, Disposed of, or 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
(MM/DD/YYYY)
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 at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Preferred Stock   $0.0002   5/10/2013     J4   (1) 13157707       5/10/2013   12/31/2013   Common Stock   13157707   $0   0   I   by Endeavour Cooperative Partners LLC  
Preferred Stock   $0   12/31/2013     C4   (4)    13157707    5/10/2013   12/31/2013   Common Stock   13157707   $0.0002   0   I   by Endeavour Cooperative Partners LLC  
Non-Qualified Stock Option Plan (right to buy Common Stock)   $0.25   (9) 12/31/2013     A4   1000000       12/31/2013   12/31/2015   Common Stock   1000000   $0   (10) 1000000   D    

Explanation of Responses:
( 1)  Preferred Shares issued for cancelling $3,400.00 debt.
( 2)  Pursuant to 40 to 1 reverse stock split.
( 3)  No sale or purchase -- stock returned to Company.
( 4)  Preferred shares subsequently converted into common stock on a 1 for 1 basis and reduced pursuant to the 40 to 1 reverse stock split.
( 5)  Conversion of related party debt.
( 6)  Shares sold in private transactions pursuant to Stock Purchase Agreements.
( 7)  Distribution to LLC members pursuant to LLC's operating agreement.
( 8)  Acquired from Endeavour Cooperative Partners, LLC, pursuant to a Stock Purchase Agreement dated December 31, 2013.
( 9)  Per the 2014 Non-Qualified Stock Option Plan Agreement with Reporting Person dated December 31, 2013, the Stock Options vested immediately and expire two years thereafter.
( 10)  The Issuer's Board of Directors granted the options to the Reporting Person to encourage the acquisition of an equity interest in the Company.
( 11)  Per the Share Exchange Agreement between Tecton Corporation (now known as Endurance Exploration Group, Inc.)("EXPL") and Endurance Exploration Group, LLC (the "LLC") and its member owners, EXPL acquired one hundred percent (100%) of the membership interests in the LLC and, in exchange, the former members of the LLC received 20,550,539 shares of the EXPL's Common Stock. Reporting Person was a former member of the LLC and received 13,700,359 shares of EXPL pursuant to his percentage ownership of the LLC. The net equity in the LLC at the acquisition date was $357,422.10. Accordingly the effective share price for the 13,700,359 shares was $0.017392 per share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Eldred Micah James
15500 ROOSEVELT BLVD.
SUITE 303
CLEARWATER, FL 33760
X X President

Signatures
Micah Eldred 2/11/2014
** 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.
Endurance Exploration (CE) (USOTC:EXPL)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Endurance Exploration (CE) Charts.
Endurance Exploration (CE) (USOTC:EXPL)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Endurance Exploration (CE) Charts.