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

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/YYYY)

4/4/2014
(Street)

SCOTTSDALE, AZ 85260
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  21500000   I   WiN Investments, LLC   (1)
Common Stock                  21500000   I   Lifewater Industries, LLC   (2)
Common Stock   4/4/2014     S    1200000   D   (7) 20300000   I   Lifewater Industries, LLC   (2)
Series A Preferred Stock   (3)                10000000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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)                  10/9/2013   (4) 10/9/2023   Common   3000000     3000000   D    
Stock Options   $0.165                    5/12/2014   5/12/2019   Common   600000     3600000   D    
Stock Options   $0.1455                    5/21/2014   (5) 5/21/2024   Common   3000000     6600000   D    

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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Nickolas Steven Paul
14301 NORTH 87 STREET, SUITE 301
SCOTTSDALE, AZ 85260 		X X President CEO Chairman
WIN INVESTMENTS, LLC
14301 NORTH 87 STREET SUITE 109
SCOTTSDALE, AZ 85260
X

LIFEWATER INDUSTRIES, LLC
14301 NORTH 87 STREET, SUITE 109
SCOTTSDALE, AZ 85260
X


Signatures
/s/ Steven P. Nickolas 1/20/2015
** 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 control number.
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