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 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 *
MATHIS SCOTT L
  2. Issuer Name and Ticker or Trading Symbol
Algodon Wines & Luxury Development Group, Inc. [VINO]
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)
135 FIFTH AVENUE, FLOOR 10
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2014
(Street)

NEW YORK, NY 10010
4. If Amendment, Date 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
(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               4,713,807 I See Footnote (1)
Common Stock               73,467 I See Footnote (2)
Common Stock               336,545 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Option $ 2.48 08/27/2014   A   150,000   08/27/2015 08/27/2019 Common Stock 150,000 (3) 1,873,910 D  
Stock Option $ 2.48 08/27/2014   A   500,000     (4) 08/27/2019 Common Stock 150,000 $ 0 1,873,910 D  
Stock Option $ 2.63             02/22/2013 02/22/2015 Common Stock 47,132   1,873,910 D  
Stock Option $ 8.03             04/15/2011 04/15/2015 Common Stock 1,713   1,873,910 D  
Stock Option $ 3.85             04/15/2012 04/15/2016 Common Stock 25,000   1,873,910 D  
Stock Option $ 3.85             04/15/2013 04/15/2017 Common Stock 25,000   1,873,910 D  
Stock Option $ 2.48             04/15/2014 04/15/2018 Common Stock 25,000   1,873,910 D  
Stock Option $ 3.85               (5) 07/06/2016 Common Stock 422,500   1,873,910 D  
Stock Option $ 2.48             06/30/2013 06/30/2018 Common Stock 1,000,000   1,873,910 D  
Warrant $ 1.59             04/03/2010 04/03/2015 Common Stock 6,576   1,873,910 D  
Warrant $ 1.59             07/27/2010 07/27/2015 Common Stock 22,237   1,873,910 D  
Warrant $ 2.3             12/31/2012 12/31/2017 Common Stock (6) 18,939   1,873,910 D  
Warrant $ 2.3             10/31/2012 10/31/2017 Common Stock (6) 85,518   1,873,910 D  
Warrant $ 2.3             03/31/2013 03/31/2018 Common Stock (6) 22,878   1,873,910 D  
Warrant $ 2.3             06/30/2013 06/30/2018 Common Stock (6) 2,460   1,873,910 D  
Warrant $ 2.3             09/30/2013 09/30/2018 Common Stock (6) 27,561   1,873,910 D  
Warrant $ 2.3             12/31/2013 12/31/2018 Common Stock (6) 36,031   1,873,910 D  
Warrant $ 2.3             03/31/2014 03/31/2019 Common Stock (6) 59,053   1,873,910 D  
Warrant $ 2.3             06/30/2014 06/30/2019 Common Stock (6) 58,834   1,873,910 D  
Warrant $ 2.3             03/31/2014 03/31/2019 Common Stock (6) 59,053   1,873,910 D  
Warrant $ 2.3             06/30/2014 06/30/2019 Common Stock (6) 58,834   1,873,910 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MATHIS SCOTT L
135 FIFTH AVENUE
FLOOR 10
NEW YORK, NY 10010
  X   X   President, CEO, Chairman  

Signatures

 /s/ Scott L. Mathis   12/02/2014
**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) Shares held by The WOW Group, LLC, of which Mr. Mathis is a managing member and of which Mr. Mathis is a controlling member.
(2) Shares held by Mr. Mathis' 401(k) account.
(3) Options reflected herein are granted pursuant to Options granted pursuant to AWLD's 2008 Equity Incentive Plan.
(4) Options to acquire 31,250 vest on November 27, 2014; thereafter options to acquire 31,250 shares vest every three months.
(5) Options to acquire 105,625 vested on July 6, 2012; thereafter options to acquire 26,409 shares vest every three months.
(6) Warrants to purchase Series A Preferred Stock were automatically converted to common stock on July 14, 2014 on a 1:1 basis pursuant to the effectiveness of AWLD's Form 10 filed with the SEC on May 14, 2014.

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