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 *

Roberts Shaun
2. Issuer Name and Ticker or Trading Symbol

KonaRed Corp [ OB:KRED ]
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
(Last)          (First)          (Middle)

2829 ALA KALANIKAUMAKA STREET, SUITE F-133
3. Date of Earliest Transaction (MM/DD/YYYY)

3/2/2015
(Street)

KOLOA, HI 96756
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. 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 Shares - control   3/2/2015     J (1)    623590   (2) A $0.001   (1) 8538314   (1) (2) 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
Call options to purchase restricted common shares   $0.17   12/19/2014     A      2500000       12/19/2014   12/19/2019   Restricted common shares   2500000   $0.17   2500000   D    
Call options to purchase restricted common shares   $0.17   12/19/2014     A      1000000       12/19/2014   12/19/2019   Restricted common shares   1000000   $0.17   1000000   I   Held by spouse  

Explanation of Responses:
( 1)  On October 4, 2013 KonaRed Corporation ('KRED') acquired the assets of Sandwich Isles Trading Co, Inc. ('SITC') in a share exchange wherein Mr. Roberts personally received 7,815,386 shares in the initial shares distribution. On March 2, 2015 there was a second (and final) distribution of KRED shares to the former shareholders of SITC related to the share exchange wherein Mr. Roberts received 623,590 additional shares, which are the subject of this Form 4 filing. The acquisition price shown is the average price paid by Mr. Roberts as a founder after taking into account the share exchange. The exchanged shares were registered in a Form S-1 which became Effective December 19, 2014 and are unrestricted.
( 2)  Mr. Roberts also holds 99,338 common shares which were issued via an Form S-8 registration on May 27, 2014. In previous Form 4 and Form 5 filings this total had erroneously been reported as 86,999 shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Roberts Shaun
2829 ALA KALANIKAUMAKA STREET
SUITE F-133
KOLOA, HI 96756
X X President & CEO

Signatures
/s/ Shaun Roberts 3/17/2015
** 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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