AI assistant
Workhorse Group Inc. — Director's Dealing 2017
Oct 5, 2017
34980_dirs_2017-10-05_9d317700-161f-437d-b830-e0ed08c46180.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2017-09-18
Reporting Person: LUKENS JOSEPH THEODORE JR (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-09-18 | Common Stock, $0.001 par value per share | P | 781248 | $3.20 | Acquired | 6970283 | Indirect |
| 2017-09-18 | Common Stock, $0.001 par value per share | P | 6189035 | — | Acquired | 6189035 | Indirect |
| 2017-09-18 | Common Stock, $0.001 par value per share | S | 2697147 | — | Disposed | 0 | Indirect |
| 2017-09-18 | Common Stock, $0.001 par value per share | S | 3491888 | — | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-09-18 | Warrants | $3.80 | A | 585936 | Acquired | 2022-09-18 | Common Stock, Par Value $0.001 (585936) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $0.001 par value per share | 154871 | Indirect |
| Common Stock, $0.001 par value per share | 25000 | Indirect |
| Common Stock, $0.001 par value per share | 25000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Common Stock Purchase Warrant | $5.28 | 2020-11-25 | Common Stock, Par Value $0.001 (571429) | 571429 | Direct |
Footnotes
F1: US Trust Company of Delaware Administrative Trustee of the Joe & Kim Lukens Dynasty Trust assigned 2,697,147 shares of common stock to New Era Capital Fund L.P. ("New Era") in exchange for 34.504% of New Era. New Era Capital LLC ("NEC") is the General Partner of New Era. Mr. Lukens is the managing member of NEC. Jospeh T. Lukens, Jr. assigned 3,491,888 shares of common stock to New Era in exchange for 44.672% of New Era.
F2: New Era acquired 781,248 shares of common stock and warrants to purchase 585,936 shares of common stock for a period of five years at an exercise price of $3.80 per share from the Company on September 18, 2017 for an aggregate purchase price of $2,499,993.60.
F3: Joseph T Lukens, Jr. and Gerald Budde, Co-Trustee of the Joseph T. Lukens, Jr. Irrevocable Trust for Nathan J. Lukens U/T/A Dated 2/23/2016
F4: Joseph T Lukens, Jr. and Gerald Budde, Co-Trustee of the Joseph T. Lukens, Jr. Irrevocable Trust for Roman E. Lukens U/T/A Dated 2/23/2016.