SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Nickolas Steven Paul (Last) (First) (Middle) 14301 NORTH 87 STREET, SUITE 301 (Street) SCOTTSDALE AZ 85260 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol ALKALINE WATER Co INC [ WTR ]	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 CEO Chairman
	3. Date of Earliest Transaction (Month/Day/Year) 04/04/2014
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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								21,500,000	I	WiN Investments, LLC(1)
Common Stock								21,500,000	I	Lifewater Industries, LLC(2)
Common Stock	04/04/2014		S		1,200,000	D	(7)	20,300,000	I	Lifewater Industries, LLC(2)
Series A Preferred Stock(3)								10,000,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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	$0.15(6)							10/09/2013(4)	10/09/2023	Common	3,000,000		3,000,000	D
Stock Options	$0.165							05/12/2014	05/12/2019	Common	600,000		3,600,000	D
Stock Options	$0.1455							05/21/2014(5)	05/21/2024	Common	3,000,000		6,600,000	D

1. Name and Address of Reporting Person* Nickolas Steven Paul (Last) (First) (Middle) 14301 NORTH 87 STREET, SUITE 301 (Street) SCOTTSDALE AZ 85260 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner X Officer (give title below) Other (specify below) President CEO Chairman

1. Name and Address of Reporting Person* WIN INVESTMENTS, LLC (Last) (First) (Middle) 14301 NORTH 87 STREET SUITE 109 (Street) SCOTTSDALE AZ 85260 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* LIFEWATER INDUSTRIES, LLC (Last) (First) (Middle) 14301 NORTH 87 STREET, SUITE 109 (Street) SCOTTSDALE AZ 85260 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. Steven P. Nickolas is the manager of WiN Investments, LLC and holds voting and dispositive control over these shares.

2. Steven P. Nickolas is the manager of Lifewater Industries, LLC and holds voting and dispositive control over these shares.

3. The Series A Preferred Stock has 10 votes per share and is not convertible into shares of common stock.

4. The stock options vest as follows: (i) 1,000,000 on October 9, 2013; and (ii) 500,000 per quarter until fully vested.

5. The stock options vest as follows: (I) 1,500,000 on May 21, 2014 and (ii) 1,500,000 on November 21, 2014.

6. The exercise price of these options was reduced from $0.605 to $0.15 on October 31, 2014.

7. Lifewater Industries, LLC (Lifewater) transferred 1,200,000 shares of common stock to SSCE Holdings, LLC (SSCE) when SSCE perfected a security interest in these shares which were pledged pursuant to a stock pledge agreement dated April 4, 2014 between Lifewater and SSCE which was security for a loan agreement dated April 4, 2014 between Lifewater and SSCE pursuant to which SSCE loaned $100,000 to Lifewater.

Remarks:

	/s/ Steven P. Nickolas	01/20/2015
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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