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 *
SABES STEVEN F
   2. Issuer Name and Ticker or Trading Symbol
GWG Holdings, Inc. [GWGH] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Exec VP & Secretary
(Last)
(First)
(Middle)
220 SOUTH SIXTH STREET, SUITE 1200		 3. Date of Earliest Transaction (Month/Day/Year)
08/21/2018
(Street)

MINNEAPOLIS, MN 55402		 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, $.001 par value               100,000 I By Insurance Strategies Fund, LLC (1)
Common Stock, $.001 par value               1,072,382 I By SFS Holdings, LLC (2)
Common Stock, $.001 par value 08/21/2018   M   27,500 A $ 8.28 1,071,822 D  
CommonStock, $.001 par value 08/21/2018   F   23,710 D $ 11.05 1,048,112 D  
Common Stock, $.001 par value 08/21/2018   M   5,000 A $ 8.2 1,053,112 D  
Common Stock, $.001 par value 08/21/2018   F   4,291 D $ 11.05 1,048,821 D  
Common Stock, $.001 par value 08/21/2018   M   5,000 A $ 8.71 1,053,821 D  
Common Stock, $.001 par value 08/21/2018   F   4,440 D $ 11.05 1,049,381 D  
Common Stock, $.001 par value 08/21/2018   M   5,000 A $ 9.01 1,054,381 D  
Common Stock, $.001 par value 08/21/2018   F   4,539 D $ 11.05 1,049,842 D  
Common Stock, $.001 par value 08/21/2018   M   2,500 A $ 10.18 1,052,342 D  
Common Stock, $.001 par value 08/21/2018   F   2,402 D $ 11.05 1,049,940 D  
Common Stock, $.001 par value 08/21/2018   M   5,000 A $ 8.55 1,054,940 D  
Common Stock, $.001 par value 08/21/2018   F   4,435 D $ 11.05 1,050,505 D  
Common Stock, $.001 par value 08/21/2018   M   3,333 A $ 6.6 1,053,838 D  
Common Stock, $.001 par value 08/21/2018   F   2,662 D $ 11.05 1,051,176 D  
Common Stock, $.001 par value 08/21/2018   M   3,333 A $ 6.35 1,054,509 D  
Common Stock, $.001 par value 08/21/2018   F   2,625 D $ 11.05 1,051,884 D  
Common Stock, $.001 par value 08/21/2018   M   3,333 A $ 6.41 1,055,217 D  
Common Stock, $.001 par value 08/21/2018   F   2,634 D $ 11.05 1,052,583 D  
Common Stock, $.001 par value 08/21/2018   M   1,667 A $ 9.64 1,054,250 D  
Common Stock, $.001 par value 08/21/2018   F   1,561 D $ 11.05 1,052,689 D  
Common Stock, $.001 par value 08/21/2018   M   1,667 A $ 10.38 1,054,356 D  
Common Stock, $.001 par value 08/21/2018   F   1,617 D $ 11.05 1,052,739 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 (right to buy) $ 8.28 08/21/2018   M     27,500 09/05/2016 09/05/2018 Common Stock 27,500 $ 0 0 D  
Stock Options (right to buy) $ 8.2 08/21/2018   M     5,000 04/07/2017 04/01/2019 Common Stock 5,000 $ 0 0 D  
Stock Options (right to buy) $ 8.71 08/21/2018   M     5,000 09/02/2017 09/02/2019 Common Stock 5,000 $ 0 0 D  
Stock Options (right to buy) $ 9.01 08/21/2018   M     5,000 11/24/2017 11/24/2019 Common Stock 5,000 $ 0 0 D  
Stock Options (right to buy) $ 10.18 08/21/2018   M     2,500 06/12/2018 06/12/2020 Common Stock 2,500 $ 0 0 D  
Stock Options (right to buy) $ 8.55 08/21/2018   M     5,000 08/18/2018 08/18/2020 Common Stock 5,000 $ 0 0 D  
Stock Options (right to buy) $ 6.6 08/21/2018   M     3,333 12/29/2017 12/29/2020 Common Stock 3,333 $ 0 1,667 D  
Stock Options (right to buy) $ 6.35 08/21/2018   M     3,333 04/29/2018 04/29/2021 Common Stock 3,333 $ 0 1,667 D  
Stock Options (right to buy) $ 6.41 08/21/2018   M     3,333 05/13/2018 05/13/2021 Common Stock 3,333 $ 0 1,667 D  
Stock Options (right to buy) $ 9.64 08/21/2018   M     1,667 09/19/2017 09/19/2021 Common Stock 1,667 $ 0 3,333 D  
Stock Options (right to buy) $ 10.38 08/21/2018   M     1,667 04/18/2018 04/18/2022 Common STock 1,667 $ 0 3,333 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SABES STEVEN F
220 SOUTH SIXTH STREET, SUITE 1200
MINNEAPOLIS, MN 55402		   X   X   Exec VP & Secretary  

Signatures

 /s/ William Acheson, as Attorney-in-fact Steven F. Sabes   09/04/2018
**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) A Delaware limited liability company managed by ISF Management, LLC, a Delaware limited liability company, of which the Reporting Person is a manager. The Reporting Person disclaims beneficial ownership of the shares held by Insurance Strategies Fund, LLC, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for the purposes of Section 16 or for any other purpose.
(2) A Nevada limited liability company, of which the reporting person is sole manager.
 
Remarks:
Exhibit 24.1 Power of Attorney previously filed and incorporated herein by reference to Form 3 filed on 9/18/2014.

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