Workhorse Group Inc. — Director's Dealing 2019

Feb 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2019-02-04

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-04	Stock Options	$0.97	A	1000000	Acquired	2024-02-04	Common Stock, Par Value $0.001 (1000000)	Direct
2019-02-04	Stock Options	$0.97	A	50000	Acquired	2024-02-04	Common Stock, Par Value $0.001 (50000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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: 10,000 of the options vested on February 4, 2019, and 4,000 shall vest every June 30 and December 31 thereafter.

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: 5,000 of the options vested on February 2, 2016 and 5,000 shall vest every six (6) months thereafter.