Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
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 (Month/Day/Year)
02/18/2015
(Street)

SCOTTSDALE, AZ 85260		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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               21,500,000 I WiN Investments, LLC (1)
Common Stock               18,800,000 I Lifewater Industries, LLC (2)
Series A Preferred Stock (3)               10,000,000 D  

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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 Underlying Securities
(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)             10/09/2013(4) 10/09/2023 Common 3,000,000   3,000,000 D  
Stock Options $ 0.165             05/12/2014 05/12/2019 Common 600,000   3,600,000 D  
Stock Options $ 0.1455             05/21/2014(5) 05/21/2024 Common 3,000,000   6,600,000 D  
Stock Options $ 0.115 02/18/2015   A   800,000   02/18/2015 02/18/2020 Common 800,000 $ 0.115 7,400,000 D  

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   04/14/2015
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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