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WKHS Workhorse Group Inc

0.1597
-0.0043 (-2.62%)
After Hours
Last Updated: 21:23:59
Delayed by 15 minutes
Share Name Share Symbol Market Type
Workhorse Group Inc NASDAQ:WKHS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0043 -2.62% 0.1597 0.1572 0.1597 0.1715 0.1565 0.165 21,066,348 21:23:59

Statement of Changes in Beneficial Ownership (4)

08/11/2019 9:32pm

Edgar (US Regulatory)


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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Hughes Duane
2. Issuer Name and Ticker or Trading Symbol

Workhorse Group Inc. [ WKHS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CEO and President
(Last)          (First)          (Middle)

C/O WORKHORSE GROUP INC., 100 COMMERCE DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

11/6/2019
(Street)

LOVELAND, OH 45140
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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  11/6/2019 (6)   A    239044  A $2.51  239055  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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 (5) $0.97                  3/31/2019  2/4/2024  Common Stock, Par Value $0.001  1000000    1000000  D   
Stock Options (2) $0.97                  2/4/2019  2/4/2024  Common Stock, Par Value $0.001  50000    50000  D   
Stock Options (1) $5.28                  6/30/2017  5/19/2027  Common Stock, Par Value $0.001  225000    225000  D   
Stock Options (4) $7.21                  8/16/2016  8/16/2021  Common Stock, Par Value $0.001  22000    22000  D   
Stock Options (3) $4.99                  2/3/2016  2/3/2021  Common Stock, Par Value $0.001  20000    20000  D   
Stock Options (2) $1.75                  8/3/2015  8/3/2020  Common Stock, Par Value $0.001  20000    20000  D   

Explanation of Responses:
(1)  Options shall become exercisable in twelve (12) equal quarterly installments of 83,333 commencing on March 31, 2019.
(2)  The options vested in full on November 6, 2019.
(3)  Workhorse Group Inc. granted stock options exercisable at $5.28 per share to Mr. Hughes to acquire 400,000 shares of common stock of the Company which are exercisable for a period of ten years. The Stock Options vest in 16 equal quarterly tranches of 25,000 shares commencing June 30, 2017.
(4)  5,500 of the options vested on August 16, 2016 and an additional 5,500 will vest every six months thereafter.
(5)  The options vested in full on November 6, 2019.
(6)  The shares of common stock granted on November 6, 2019 and vest semi-annually over a three year period.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Hughes Duane
C/O WORKHORSE GROUP INC.
100 COMMERCE DRIVE
LOVELAND, OH 45140
X
CEO and President

Signatures
/s/ Duane Hughes 11/8/2019
**Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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