Vincent Browne Form 3 Alternus Energy / Vincent Browne ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Browne Vincent

(Last) (First) (Middle)

ONE WORLD TRADE CENTER, SUITE 8500

(Street)

NEW YORK NY 10007

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/15/2019

3. Issuer Name and Ticker or Trading Symbol
Alternus Energy Inc. [ ALTN ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)(2)	68,795,271	I	See footnote 1 and 2 below.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant(3)	07/24/2015	07/24/2020	Common Stock	600,000	0.2	I	See footnote 3
Warrant(3)	02/12/2019	02/12/2023	Common Stock	619,522	0.25	I	See footnote 3

Explanation of Responses:

1. Vincent Browne, the Company's CEO and Chairman of the Board, has sole voting and dispositive power over Growthcap Investments Inc. The address for Growthcap Investments Inc. is 16192 Coastal Highway, Lewes, DE 19958. Vincent Browne, the Company's CEO and Chairman of the Board, has majority voting and dispositive power over VestCo Corp. The address for VestCo Corp. is 16192 Coastal Highway, Lewes, DE 19958.

2. Includes 5,000,000 Series E Convertible Preferred Shares that convert into 50,000,000 shares of common stock and 587,571 common shares held indirectly through Growthcap Investments Inc., a company which Mr. Browne has voting and investment control over. Also includes the following held indirectly through VestCo Corp., a company which Mr. Browne has voting and investment control over: i) 500,000 common shares, ii) 15,000,000 Class B Common Shares with 5 to 1 voting rights, iii) 1,457,700 common shares underlying a $291,540 convertible promissory note, and iv) 1,250,000 shares of common stock held indirectly through VestCo I Corp., a company which Mr. Browne has voting and investment control over.

3. Includes i) warrants to purchase up to 600,000 shares of common stock, exercisable at $0.20 per share which expires in July of 2021 and ii) warrants to purchase up to 619,522 shares of common stock, exercisable at $0.25 per share or through a cashless exercise provision, for a period of four years which expires in February of 2023, held indirectly through VestCo Corp., a company which Mr. Browne has voting and investment control over.

Remarks:

	/s/ Vincent Browne	10/15/2019
	** 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 5 (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).
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