UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 223, 2012

Alternate Energy Holdings, Inc.

(Exact name of registrant as specified in its charter)

Nevada	000-53451	20-5689191
(State of other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

911 E. Winding Creek Dr., Suite 150, Eagle, Idaho 83616
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: 208-939-9311

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

o	Soliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.0102 ~~Entry~~Termination ~~into~~of a Material Definitive Agreement.

InOn ~~accordance with a Short-Form Settlement Agreement ("Agreement") entered into on~~ April 223, 2012, Alternate Energy Holdings, Inc. ~~(the~~ ~~"Company"~~(“AEHI”), ~~Donald~~Vital LFunds, Inc. ~~Gillispie~~(“Vital”) and ~~Jennifer~~Jay ~~Ransom~~M. Starr (~~collectively,~~“Escrow ~~with~~Agent”) ~~the~~entered ~~Company,~~into a Letter of Termination (the “~~Defendants~~Termination Letter”) ~~have~~ ~~agreed~~with respect to ~~settle~~their ~~the~~Financial ~~previously-disclosed~~Instrument ~~securities~~Service ~~class~~Agreement ~~action~~dated ~~litigation~~March 19, ~~Case~~2012 ~~No. 1:10-cv-00634-BLW~~ (the ~~"Class~~“Financial ~~Action~~Services ~~Litigation"~~Agreement”). Pursuant to the Termination Letter, ~~pending~~AEHI inand ~~the~~Vital ~~U.S.~~agreed ~~District~~to ~~Court,~~the ~~District~~termination of ~~Idaho.~~the ~~The~~Financial ~~Class~~Services ~~Action~~Agreement ~~Litigation~~and ~~was~~the ~~brought~~Escrow onAgent ~~behalf~~agreed ofto ~~persons~~return ~~who~~to ~~purchased~~AEHI the ~~common~~sum ~~stock~~of $2,552,042 of the ~~Company~~$2,575,000 ~~between~~initial ~~September~~fee 20deposited into escrow. The $22,985 ~~2006~~difference ~~and~~represents ~~December~~the 14$10,000 ~~2010.~~escrow ~~The~~fee ~~Class~~and ~~Action~~up ~~Litigation~~to is$1,000 ~~described~~as inreimbursement ~~more~~of ~~detail~~escrow incosts, each retained by the ~~Stipulation~~Escrow Agent and in the ~~Company's~~sum ~~Annual~~of ~~Report~~$11,958 previously refunded to AEHI on ~~Form~~April ~~10-K~~2, ~~for~~2012. AEHI received the ~~fiscal~~$2,552,042 ~~year~~on ~~ending~~April ~~December 31~~24, ~~2011~~2012.

AsBy ~~set~~virtue ~~forth~~of ~~more fully in~~ the ~~Agreement,~~termination ifof the ~~settlement~~Financial ~~becomes~~Services ~~final~~Agreement, ~~among~~Vital ~~other~~is ~~things,~~no ~~(i)~~longer ~~the~~obligated ~~claims~~to ~~against~~procure the ~~Defendants~~Bank ~~will~~Guarantee bewhich ~~dismissed~~is ~~with~~the ~~prejudice~~subject ~~and released, such that every member~~ of the ~~settlement~~Project ~~class~~Funding ~~will~~Agreement ~~be forever barred from asserting against~~ (the ~~Defendants~~“Funding ~~any claims alleged in the complaint or arising from the complaint, and (ii~~Agreement”) ~~a payment of $450,000 will be made by the Company no later than June 30, 2012, for the benefit of the settlement class. The Company has agreed~~ that, inAEHI ~~the~~entered ~~event~~into ~~that~~with itSwiss ~~does~~Asset ~~not~~manager ~~make~~on ~~the~~March ~~$450~~19,~~000~~ ~~payment by June 30,~~ 2012~~, judgment shall be entered by the U~~.~~S. District Court, District of Idaho, against the Company in the amount of $2,000,000.~~ ~~The Defendants have denied and continue to deny each and all of the claims alleged by the plaintiffs in the Class Action Litigation. Nonetheless~~Consequently, the ~~Defendants~~Funding ~~have agreed to the~~ Agreement tois ~~eliminate~~effectively ~~the uncertainty, distraction, burden and expense of further litigation~~terminated.

The ~~Agreement~~Registrant ~~may~~plans beto ~~subject~~file tothe ~~court~~Termination ~~approval~~Letter as an Exhibit with its Form 10-Q for the quarter ended March 31, 2012.

The foregoing summary of the Agreement is qualified entirely by reference to Exhibit 10.__ of this Current Report on Form 8-K, the content of which is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description

10.1 Short-Form Settlement Agreement dated April 2, 2012

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ALTERNATE ENERGY HOLDINGS, INC
Date: April 6, 2012	By:	/s/ Donald L. Gillispie
Date: April 26, 2012	By:	/s/ Donald L. Gillispie
		Donald L. Gillispie
		Donald L. Gillispie President, Chief Executive Officer and Director
		President, Chief Executive Officer and Director

Exhibit Index

Exhibit No. Description

10.1 Short-Form Settlement Agreement dated April 2, 2012

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