Workhorse Group Inc. — Director's Dealing 2019

Feb 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2019-02-11

Reporting Person: Samuels H. Benjamin (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-11	Common Stock, $0.001 par value per share	P	420967	$0.9502	Acquired	439349	Direct
2019-02-11	Common Stock, $0.001 par value per share	P	420967	$0.9502	Acquired	420967	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.001 par value per share	762532	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock Purchase Warrant	$5.28	2020-11-09	Common Stock, Par Value (237467)	237467	Indirect
Stock Options	$7.21	2021-08-16	Common Stock, Par Value $0.001 (10000)	10000	Direct
Stock Options	$7.01	2020-12-17	Common Stock, Par Value $0.001 (50000)	50000	Direct
Common Stock Purchase Warrant	$5.28	2020-12-04	Common Stock, Par Value $0.001 (142857)	142857	Indirect

Footnotes

F1: 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.

F2: On November 9, 2015, Samuels 2012 Children's Trust UAD 10/28/12 (the "Trust") acquired a Stock Purchase Warrant to acquire 428,571 shares of common stock (the "Initial Warrant"). On December 4, 2015, the Trust acquired a Stock Purchase Warrant to acquire 142,857 shares of common stock. On January 5, 2016, convertible notes held by the Trust were automatically converted into 571,429 shares of common stock. Further, on September 14, 2016, the Trust exercised the Initial Warrant and received 143,500 shares of common stock for a purchase price of $757,680 or $5.28 per share and on November 18, 2016 the Trust exercised the Initial Warrant and received 47,604 shares of common stock for a purchase price of $251,349 or $5.28 per share.

F3: H. Benjamin Samuels is a trustee and beneficiary of the Trust

F4: 2,500 of the options vested on August 16, 2016 and an additional 2,500 will vest every six months thereafter.

F5: On February 11, 2019, the Marci Rosenberg 2012 Family Trust acquired 420,967 shares of common stock. Marci Rosenberg is the trustee of such trust. Mr. Rosenberg is the wife of H. Benjamin Samuels, a director of the Company.