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Filing Details

Accession Number:: 0001133521-14-000021
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-02-28 17:53:21
Reporting Period:: 2014-01-22

Filing Date:: 2014-02-28
Accepted Time:: 2014-02-28 17:53:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1112412	Endeavour International Corp	END	Crude Petroleum & Natural Gas (1311)	880448389

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1133521	Steelhead Partners Llc	333 108Th Avenue Ne Suite 2010 Bellevue WA 98004	No	No	No	Yes
1327721	Michael James Johnston	333 108Th Avenue Ne Suite 2010 Bellevue WA 98004	No	No	No	Yes
1327722	Katz Brian Klein	333 108Th Avenue Ne Suite 2010 Bellevue WA 98004	No	No	No	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-02-26	1,375,122	$4.96	4,744,891	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2014-02-26	98,223	$5.20	4,646,668	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2014-02-26	23,083	$5.43	4,623,585	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2014-02-27	200	$5.26	4,623,385	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2014-02-27	246,000	$5.08	4,377,385	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2014-02-27	16,000	$5.03	4,361,385	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2014-02-27	51,000	$5.12	4,310,385	No	4	S	Indirect	See footnotes
Common Stock	Disposition	2014-02-28	32,600	$5.11	4,277,785	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes
No	4	S	Indirect	See footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Call Option (Obligation to Sell)	Disposition	2014-01-22	250	$42.50	25,000	$7.50
Common Stock	Call Option (Obligation to Sell)	Disposition	2014-01-22	250	$85.00	25,000	$7.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
250	2014-01-22	2014-03-22	No	4	S	Indirect
250	2014-01-22	2014-06-21	No	4	S	Indirect

Footnotes

The reporting persons are: (i) Steelhead Partners, LLC ("Steelhead"), a registered investment adviser within the meaning of Rule 16a-1(a)(1)(v) under the Securities Exchange Act of 1934; and (ii) each of James Michael Johnston and Brian Katz Klein, Steelhead's member-managers.
4,267,785 shares of common stock reported on this Form 4 are beneficially held by Steelhead Navigator Master, L.P. ("Steelhead Navigator"). The balance of the shares reported on this Form 4 is beneficially held by another investment limited partnership, which itself is not the beneficial owner of more than 10% of the issuer's common stock (this investment limited partnership together with Steelhead Navigator, the "Funds"). Steelhead serves as the investment manager of the Funds. As a greater than 10% beneficial owner, Steelhead Navigator is separately reporting its holdings in the issuer's securities on a Form 4 filed concurrently herewith.
Steelhead and the other reporting persons may be deemed to have a pecuniary interest in the securities owned by the Funds insofar as Steelhead is the general partner (or sole owner of the general partner) of the Funds. The reporting persons have elected therefore to file this Form 4 voluntarily to report these holdings, notwithstanding the reporting exemption applicable to registered investment advisers under Rule 16a-1(a)(1)(v) and to control persons under Rule 16a-1(a)(1)(vii). The filing of this Form 4 should not, however, be deemed an admission by any of the reporting persons that such person falls outside the scope of the foregoing exemptions, or that the reporting persons and/or the Funds form a group within the meaning of Rule 16a-1(a)(1). Each of Steelhead, Mr. Johnston, Mr. Klein and Steelhead Navigator expressly disclaims beneficial ownership in these securities, except to the extent of their respective pecuniary interests therein.
On previous Form 4 filings made by Steelhead and the other reporting persons, the holdings of a certain separate account over which Steelhead has investment discretion, but not voting power, had been included; however, Steelhead has determined that, beginning with this filing, it will no longer be reporting holdings or transactions for this separate account because Steelhead and the other reporting persons do not have a direct or indirect pecuniary interest in the separate account. As a result, the "Amount of Securities Beneficially Owned" (column 5) has been reduced by the number of securities that were held by the separate account as reported by the reporting persons in their previous Form 4 filing.
As a result of revised analysis, the writing of these call options is being reported after the filing deadline.