Sec Form 4 Filing - Nickolas Steven Paul @ ALKALINE WATER Co INC - 2014-04-04

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Nickolas Steven Paul 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 (Last) (First) (Middle) 14301 NORTH 87 STREET, SUITE 301 3. Date of Earliest Transaction (MM/DD/YY) 04/04/2014 (Street) SCOTTSDALE, AZ85260 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 $ 0.15 ( 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Nickolas Steven Paul 14301 NORTH 87 STREET, SUITE 301 SCOTTSDALE, AZ85260 X X President CEO Chairman WIN INVESTMENTS, LLC 14301 NORTH 87 STREET SUITE 109 SCOTTSDALE, AZ85260 X LIFEWATER INDUSTRIES, LLC 14301 NORTH 87 STREET, SUITE 109 SCOTTSDALE, AZ85260 X Signatures /s/ Steven P. Nickolas 01/20/2015 Signature of Reporting Person Date

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.

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