Workhorse Group Inc. — Director's Dealing 2018

Apr 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2018-04-26

Reporting Person: Budde Gerald B. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-26	Common Stock, $0.001 par value per share	P	18382	$2.72	Acquired	93382	Indirect

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
Stock Options	$7.21	2021-08-16	Common Stock, Par Value $0.001 (10000)	10000	Direct

Footnotes

F1: Securities held by the Gerald B. Budde Living Trust dated September 8, 2004. Gerald Budde is the trustee of such trust.

F2: 10,000 of the options vested on December 17, 2015 and 4,000 shall vest every six (6) months thereafter on June 30 and December 31.

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