FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *

Moel Steven A.

2. Date of Event Requiring Statement (MM/DD/YYYY)
11/16/2018 

3. Issuer Name and Ticker or Trading Symbol

Gaucho Group Holdings, Inc. [VINO]

(Last)        (First)        (Middle)

7934 LA MIRADA DRIVE

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

__ X __ Director                            _____ 10% Owner
_____ Officer (give title below)          ___ X ___ Other (specify below)
/ Director of Gaucho Group, Inc.

(Street)

BOCA RATON, FL 33433-6108       

(City)              (State)              (Zip)
5. 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 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   154491   D    
Common Stock   176546   I   Held by 401(k)  
Common Stock   26693   I   Held by Dr. Moel's son  
Common Stock   28490   I   Held by Dr. Moel's daughter  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: 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
Stock Option   (1) 8/27/2018   8/27/2019   Common Stock   100000   $2.48   D    
Stock Option     (2) 9/20/2023   Common Stock   40000   $0.539   D    
Stock Option     (3) 1/31/2024   Common Stock   50000   $0.385   D    

Explanation of Responses:
(1)  Options issued pursuant to 2008 Stock Option and Stock Bonus Plan on August 27, 2014 at $2.48 per share. The option became fully vested on 8/27/18.
(2)  Options issued pursuant to 2018 Stock Option and Stock Bonus Plan on September 20, 2018 at $0.539 per share. 10,000 shares of common stock vest 9/20/19; thereafter 2,500 shall vest every three months.
(3)  Options issued pursuant to 2018 Stock Option and Stock Bonus Plan on January 31, 2019 at $0.385 per share. 12,500 shares of common stock vest 1/31/20; thereafter 3,125 shall vest every three months.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Moel Steven A.
7934 LA MIRADA DRIVE
BOCA RATON, FL 33433-6108 		X

Director of Gaucho Group, Inc.

Signatures
/s/ Steven Moel 5/2/2019
** 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).
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.