Workhorse Group Inc. — Director's Dealing 2019

Nov 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2019-11-06

Reporting Person: Hughes Duane (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-06	Common Stock	A	239044	$2.51	Acquired	239055	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$0.97	2024-02-04	Common Stock, Par Value $0.001 (1000000)	1000000	Direct
Stock Options	$0.97	2024-02-04	Common Stock, Par Value $0.001 (50000)	50000	Direct
Stock Options	$5.28	2027-05-19	Common Stock, Par Value $0.001 (225000)	225000	Direct
Stock Options	$7.21	2021-08-16	Common Stock, Par Value $0.001 (22000)	22000	Direct
Stock Options	$4.99	2021-02-03	Common Stock, Par Value $0.001 (20000)	20000	Direct
Stock Options	$1.75	2020-08-03	Common Stock, Par Value $0.001 (20000)	20000	Direct

Footnotes

F1: Options shall become exercisable in twelve (12) equal quarterly installments of 83,333 commencing on March 31, 2019.

F2: The options vested in full on November 6, 2019.

F3: Workhorse Group Inc. granted stock options exercisable at $5.28 per share to Mr. Hughes to acquire 400,000 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 25,000 shares commencing June 30, 2017.

F4: 5,500 of the options vested on August 16, 2016 and an additional 5,500 will vest every six months thereafter.

F5: The options vested in full on November 6, 2019.

F6: The shares of common stock granted on November 6, 2019 and vest semi-annually over a three year period.