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 *
BEALE JULIAN
   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 _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
14 MARTIN COURT, UNIT #5		 3. Date of Earliest Transaction (Month/Day/Year)
07/19/2016
(Street)

TOORAK, VICTORIA, C3 3142		 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               97,588 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 $ 2.2 07/19/2016   A   200,000     (1) 07/19/2021 Common Stock 200,000 (2) 700,000 (3) D  
Stock Option $ 2.48             08/27/2015 08/27/2019 Common Stock 150,000 (4)   700,000 (3) D  
Stock Option $ 8.03 04/15/2015   J V   1,713 04/15/2011 04/15/2015 Common Stock 1,713 (4) (5) 700,000 (3) D  
Stock Option $ 3.85 04/15/2016   J V   25,000 04/15/2012 04/15/2016 Common Stock 25,000 (4) (5) 700,000 (3) D  
Stock Option $ 3.85             04/15/2013 04/15/2017 Common Stock 25,000 (4)   700,000 (3) D  
Stock Option $ 2.48             04/15/2014 04/15/2018 Common Stock 25,000 (4)   700,000 (3) D  
Stock Option $ 3.85 07/06/2016   J V   172,500 07/06/2015 07/06/2016 Common Stock 172,500 (4) (5) 700,000 (3) D  
Stock Option $ 2.48             06/30/2013 06/30/2018 Common Stock 300,000 (4)   700,000 (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BEALE JULIAN
14 MARTIN COURT, UNIT #5
TOORAK, VICTORIA, C3 3142		   X      

Signatures

 /s/ Julian H. Beale   09/08/2016
**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) Options to acquire 66,667 shares vested on July 19, 2016; thereafter options to acquire 66,667 vest on July 19, 2017 with the remainder of 66,666 vesting on July 19, 2018.
(2) Options granted pursuant to AWLD's 2016 Equity Incentive Plan.
(3) This Form 4 corrects the Form 4 filed with the SEC on December 16, 2014 which incorrectly reported the number of derivative securities owned following the reported transaction as 488,838 instead of 699,213. The number of securities reported herein are calculated after taking into account the correction described in the preceding sentence and all transactions reflected on this Form 4. Options reflected herein are granted pursuant to AWLD's 2016 Equity Incentive Plan.
(4) Options granted pursuant to AWLD's 2008 Equity Incentive Plan.
(5) Expiration of options with no value received.

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