Watson E J Form 4 Long Island Iced Tea / E J WATSON ownership change

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^*

WATSON E J

(Last) (First) (Middle)

LEVEL 9, 68 SHORTLAND STREET

P.O. BOX 91269

(Street)

AUKLAND Q2

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Long Island Iced Tea Corp. [ LTEA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. 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	06/02/2015		P		1,000	A	$7.8	754,418	I	By Cullen Inc. Holdings Ltd.(1)
Common Stock	06/04/2015		S(2)		575	D	$9.2	753,843	I	By Cullen Inc. Holdings Ltd.(1)
Common Stock	06/05/2015		S(2)		200	D	$9.14	753,643	I	By Cullen Inc. Holdings Ltd.(1)
Common Stock	06/16/2015		P		444	A	$8.5253	754,087	I	By Cullen Inc. Holdings Ltd.(1)
Common Stock	06/17/2015		P		1	A	$8.4	754,088	I	By Cullen Inc. Holdings Ltd.(1)
Common Stock	06/22/2015		P		200	A	$8.5	754,288	I	By Cullen Inc. Holdings Ltd.(1)
Common Stock	06/24/2015		P		67	A	$8.5	754,355	I	By Cullen Inc. Holdings Ltd.(1)

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

Explanation of Responses:

1. These securities are held by Cullen Inc. Holdings Ltd., an entity controlled by the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

2. The reporting person's sale of Long Island Iced Tea Corp. common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 775 shares, with the reporting person's purchase of 2,667 shares of Cullen Agricultural Holding Corp., the predecessor of Long Island Iced Tea Corp., at a price of $6.381 per share, on a post-split basis, on May 7, 2015. The reporting person has paid to Long Island Iced Tea Corp. $1,909.06, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

Remarks:

	/s/ Eric J. Watson	10/13/2015
	** 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 Number.