Workhorse Group Inc. — Director's Dealing 2017

Jan 12, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2016-09-13

Reporting Person: LUKENS JOSEPH THEODORE JR (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-06	Common Stock, $0.001 par value per share	X	166000	$150	Acquired	2823555	Direct
2016-09-13	Common Stock, $0.001 par value per share	J	25000	—	Disposed	25000	Indirect
2016-09-13	Common Stock, $0.001 par value per share	J	25000	—	Disposed	25000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-10	6% Convertible Debenture	$6.42	P	311526	Acquired	2019-01-10	Common Stock, Par Value $0.001 (311526)	Direct
2017-01-06	Common Stock Purchase Warrant	$1.50	X	166000	Disposed	2017-05-22	Common Stock, Par Value $0.001 (0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value per share	570000	Indirect
Common Stock, $0.001 par value per share	154871	Indirect
Common Stock, $0.001 par value per share	2697147	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: Mr. Lukens assigned an aggregate of 100,000 shares to various family trusts on March 9, 2016.

F2: 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

F3: 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

F4: Mr. Lukens assigned 570,000 shares to Our Lady of America Ministries Inc., a Ohio 501(c)(3) charity controlled by Mr. Lukens.

F5: Mr. Lukens acquired 166,000 shares of common stock in connection with the exercise of a common stock purchase warrant on January 6, 2017

F6: On January 6, 2017, Mr. Lukens exercised a common stock purchase warrant to acquire 166,000 shares of common stock at an exercise price of $1.50 per share.

F7: On September 13, 2016, the Joseph T Lukens, Jr. and Gerald Budde, Co-Trustee of the Joseph T. Lukens, Jr. Irrevocable Trust for Heidi H. Lukens U/T/A Dated 2/23/2016 transferred 25,000 shares of common stock to Heidi H. Lukens, Mr. Lukens' daughter. Heidi Lukens is not dependent on Mr. Lukens.

F8: On September 13, 2016, the Joseph T Lukens, Jr. and Gerald Budde, Co-Trustee of the Joseph T. Lukens, Jr. Irrevocable Trust for Chelsey L. Lukens U/T/A Dated 2/23/2016 transferred 25,000 shares of common stock to Chelsey L. Lukens, Mr. Lukens' daughter. Chelsey Lukens is not dependent on Mr. Lukens.