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Workhorse Group Inc. — Director's Dealing 2017
May 23, 2017
34980_dirs_2017-05-23_db26b6a5-d286-4e48-8b1c-9e4ea9a82acc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2017-05-19
Reporting Person: Burns Stephen S. (Director, CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-19 | Stock Options | $5.28 | A | 62500 | Acquired | 2027-05-19 | Common Stock, Par Value $0.001 (62500) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| COMMON STOCK, $0.001 PAR VALUE | 50000 | Indirect |
| COMMON STOCK, $0.001 PAR VALUE | 767337 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $7.21 | 2021-08-16 | Common Stock, Par Value $0.001 (35000) | 35000 | Direct |
| Stock Options | $7.21 | 2021-08-16 | Common Stock, Par Value $0.001 (10000) | 10000 | Direct |
| Stock Options | $4.99 | 2021-02-03 | Common Stock, Par Value $0.001 (40000) | 40000 | Direct |
| Stock Options | $1.75 | 2020-08-03 | Common Stock (50000) | 50000 | Direct |
| Stock Options | $1.40 | 2019-12-18 | Common Stock (50000) | 50000 | Direct |
| Stock Options | $0.10 | 2019-06-30 | Common Stock (281439) | 281440 | Direct |
| Common Stock Purchase Warrant | $1.50 | 2017-05-28 | Common Stock (29350) | 29350 | Direct |
| Stock Options | $2.90 | 2018-03-15 | Common Stock (40000) | 40000 | Direct |
| Stock Options | $6.00 | 2018-05-25 | Common Stock (50000) | 50000 | Direct |
| Stock Options | $1.10 | 2018-12-04 | Common Stock (30000) | 30000 | Direct |
| Stock Options | $7.20 | 2020-12-08 | Common Stock (30000) | 30000 | Direct |
| Stock Options | $4.00 | 2020-05-12 | Common Stock, Par Value $0.001 (60000) | 60000 | Direct |
Footnotes
F1: 10,000 of the options vested on February 3, 2016 and an additional 10,000 will vest every six months thereafter.
F2: 2,500 of the options vested on August 16, 2016 and an additional 2,500 will vest every six months thereafter.
F3: 8,750 of the options vested on August 16, 2016 and an additional 8,750 will vest every six months thereafter.
F4: 20,000 of the options vested on May 12, 2010 and the remaining 40,000 shares became exercisable in eight (8) equal installments of 5,000 shares at the end of every quarter commencing June 30, 2010.
F5: Subject to the Company adopting an equity incentive plan and increasing its authorized shares of common stock, Workhorse Group Inc. granted stock options exercisable at $5.28 per share to Mr. Burns to acquire 1,000,000 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 62,500 shares commencing June 30, 2017.