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 *
Energy Holding Corp
  2. Issuer Name and Ticker or Trading Symbol
Tecnoglass Inc. [TGLS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
AVALON MANAGEMENT LTD, LANDMARK SQUARE, 64 EARTH CLOSE, WEST BAY BEACH SOUTH
3. Date of Earliest Transaction (Month/Day/Year)
07/14/2014
(Street)

, E9 
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

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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
Warrant (right to buy) $ 8 07/14/2014   P   789,082   12/20/2013 12/20/2016 Ordinary Shares 789,082 $ 0.5 789,082 D (1)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Energy Holding Corp
AVALON MANAGEMENT LTD, LANDMARK SQUARE
64 EARTH CLOSE, WEST BAY BEACH SOUTH
E9 
    X    
Velilla Becerra Alberto Jose
AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA
BARRIO LAS FLORES
BARRANQUILLA, F8 
    X    
Fernandez Joaquin
AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA
BARRIO LAS FLORES
BARRANQUILLA, F8 
    X   Chief Financial Officer  

Signatures

 /s/ Jose M. Daes, Chief Executive Officer of Energy Holding Corporation   07/16/2014
**Signature of Reporting Person Date

 /s/ Alberto Jose Velilla Becerra   07/16/2014
**Signature of Reporting Person Date

 /s/ Joaquin Fernandez   07/16/2014
**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) Represents securities held by Energy Holding Corporation. As a director of Energy Holding Corporation, Mr. Becerra shares voting and dispositive power over securities held by Energy Holding Corporation with Mr. Joaquin Fernandez. Messrs. Becerra and Fernandez disclaim beneficial ownership of such securities except to the extent of their pecuniary interests therein.

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