Alternus Energy (ALTN) Form 3 Initial statement of insider ownership

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^*

VestCo Corp.

(Last) (First) (Middle)

16192 COASTAL HIGHWAY

(Street)

LEWES DE 19958

(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)

Director	X	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)	15,500,000	D

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
Warrants(3)	07/24/2015	07/24/2021	Common Stock	600,000	0.2	D
Warrants(3)	02/12/2019	01/12/2023	Common Stock	619,522	0.25	D
Convertible Promissory Note(4)	02/19/2019	02/19/2021	Common Stock	1,457,700	0.2	D

Explanation of Responses:

1. 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 i) 500,000 common shares and ii) 15,000,000 Class B Common Shares with a 5 to 1 voting right.

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.

4. Includes 1,457,700 common shares underlying a $291,540 convertible promissory note that was issued on February 19, 2019. This convertible promissory note has a maturity date of February 19, 2021, and is immediately convertible to shares of common stock at $0.20 per share.

Remarks:

	/s/ Vincent Browne, on behalf of VestCo Corp.	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).
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