SEC Form 4 · accession 0001013762-16-001414
Workhorse Group Inc. · WKHS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Theodore Lukens Jr.
10% Owner
Period of report
Mar 9, 2016
Accepted (ET)
Mar 22, 2016 · 4:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001425287
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value per shareF1 | Mar 9, 2016 | G | 150,000 | $4.00 | D | 1,900,689 | D | |
| Common Stock, $0.001 par value per share | Mar 9, 2016 | X | 250,000 | $4.00 | A | 2,050,689 | D | |
| Common Stock, $0.001 par value per share | Jan 5, 2016 | C | 571,429 | $3.50 | A | 1,800,629 | D | |
| Common Stock, $0.001 par value per shareF1,F2 | Mar 9, 2016 | A | 25,000 | $4.00 | A | 25,000 | I | See footnote |
| Common Stock, $0.001 par value per shareF1,F3 | Mar 9, 2016 | A | 25,000 | $4.00 | A | 25,000 | I | See footnote |
| Common Stock, $0.001 par value per shareF1,F4 | Mar 9, 2016 | A | 25,000 | $4.00 | A | 25,000 | I | See footnote |
| Common Stock, $0.001 par value per shareF1,F5 | Mar 9, 2016 | A | 25,000 | $4.00 | A | 25,000 | I | See footnote |
| Common Stock, $0.001 par value per share | holding | — | — | — | 154,870 | I | The Joe & Kim Lukens Foundation | |
| Common Stock, $0.001 par value per share | holding | — | — | — | 2,697,147 | I | US Trust Company of Delaware Administrative Trustee of the Joe & Kim Lukens Dynasty Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Purchase Warrant | $5.28 | holding | — | — | — | Nov 25, 2015 | Nov 25, 2020 | Common Stock, Par Value $0.001 | 571,429 | 571,429 | D |
| Common Stock Purchase Warrant | $1.50 | holding | — | — | — | May 23, 2014 | May 22, 2017 | Common Stock, Par Value $0.001 | 900,000 | 900,000 | D |
| Common Stock Purchase Warrant | $1.50 | holding | — | — | — | Mar 18, 2014 | Mar 17, 2017 | Common Stock, Par Value $0.001 | 600,000 | 600,000 | D |
Explanation of responses
- F1Mr. Lukens assigned an aggregate of 150,000 shares to various family trusts on March 9, 2016.
- F2Joseph 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
- F3Joseph 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
- F4Joseph 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
- F5Joseph 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
Remarks
All prices and amounts are revised to reflect the 10:1 reverse split effective December 11, 2015.