Workhorse Group Inc. — Director's Dealing 2016

Sep 26, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2016-08-16

Reporting Person: Budde Gerald B. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-16	Stock Options	$7.21	A	10000	Acquired	2021-08-16	Common Stock, Par Value $0.001 (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value per share	50000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$7.01	2020-12-17	Common Stock, Par Value $0.001 (50000)	50000	Direct
Common Stock Purchase Warrant	$1.50	2017-05-28	Common Stock, Par Value $0.001 (25000)	25000	Direct

Footnotes

F1: 10,000 of the options vested on December 17, 2015 and 4,000 shall vest every six (6) months thereafter.

F2: On May 28, 2015, Mr. Budde acquired a Stock Purchase Warrant to acquire 25,000 shares of common stock.

F3: 2,500 of the options vested on August 16, 2016 and an additional 2,500 will vest every six months thereafter.