Gaucho (VINOQ) Form 4 Algodon Wines & Luxury Development / JULIAN BEALE 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

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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^*

BEALE JULIAN

(Last) (First) (Middle)

14 MARTIN COURT, UNIT #5

(Street)

TOORAK, VICTORIA C3 3142

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Algodon Wines & Luxury Development Group, Inc. [ VINO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/19/2016

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								97,588	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 Option	$2.2	07/19/2016		A		200,000		(1)	07/19/2021	Common Stock	200,000	(2)	700,000(3)	D
Stock Option	$2.48							08/27/2015	08/27/2019	Common Stock	150,000(4)		700,000(3)	D
Stock Option	$8.03	04/15/2015		J	V		1,713	04/15/2011	04/15/2015	Common Stock	1,713	(4)(5)	700,000(3)	D
Stock Option	$3.85	04/15/2016		J	V		25,000	04/15/2012	04/15/2016	Common Stock	25,000	(4)(5)	700,000(3)	D
Stock Option	$3.85							04/15/2013	04/15/2017	Common Stock	25,000(4)		700,000(3)	D
Stock Option	$2.48							04/15/2014	04/15/2018	Common Stock	25,000(4)		700,000(3)	D
Stock Option	$3.85	07/06/2016		J	V		172,500	07/06/2015	07/06/2016	Common Stock	172,500	(4)(5)	700,000(3)	D
Stock Option	$2.48							06/30/2013	06/30/2018	Common Stock	300,000(4)		700,000(3)	D

Explanation of Responses:

1. Options to acquire 66,667 shares vested on July 19, 2016; thereafter options to acquire 66,667 vest on July 19, 2017 with the remainder of 66,666 vesting on July 19, 2018.

2. Options granted pursuant to AWLD's 2016 Equity Incentive Plan.

3. This Form 4 corrects the Form 4 filed with the SEC on December 16, 2014 which incorrectly reported the number of derivative securities owned following the reported transaction as 488,838 instead of 699,213. The number of securities reported herein are calculated after taking into account the correction described in the preceding sentence and all transactions reflected on this Form 4. Options reflected herein are granted pursuant to AWLD's 2016 Equity Incentive Plan.

4. Options granted pursuant to AWLD's 2008 Equity Incentive Plan.

5. Expiration of options with no value received.

	/s/ Julian H. Beale	09/08/2016
	** 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).
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