SEC Form 4 · accession 0001213900-16-016501
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
Jun 30, 2016
Accepted (ET)
Aug 31, 2016 · 12:05 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 shareF7 | Aug 30, 2016 | G | 10,000 | — | D | 2,654,690 | D | |
| Common Stock, $0.001 par value per share | Aug 24, 2016 | X | 600,000 | $1.50 | A | 2,664,690 | D | |
| Common Stock, $0.001 par value per share | Aug 24, 2016 | X | 67,000 | $1.50 | A | 2,064,690 | D | |
| Common Stock, $0.001 par value per share | Jun 30, 2016 | X | 667,000 | $1.50 | A | 1,997,690 | D | |
| Common Stock, $0.001 par value per shareF6 | Mar 2, 2016 | G | 570,000 | — | D | 1,330,690 | D | |
| Common Stock, $0.001 par value per shareF6 | Mar 2, 2016 | G | 570,000 | — | A | 570,000 | I | Our Lady of America Ministries Inc. |
| Common Stock, $0.001 par value per share | holding | — | — | — | 154,871 | 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 | |
| Common Stock, $0.001 par value per shareF1,F2 | holding | — | — | — | 25,000 | I | See footnote | |
| Common Stock, $0.001 par value per shareF1,F3 | holding | — | — | — | 25,000 | I | See footnote | |
| Common Stock, $0.001 par value per shareF1,F4 | holding | — | — | — | 25,000 | I | See footnote | |
| Common Stock, $0.001 par value per shareF1,F5 | holding | — | — | — | 25,000 | I | See footnote |
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 | 166,000 | 233,000 | D |
Explanation of responses
- F1Mr. Lukens assigned an aggregate of 100,000 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
- F6Mr. Lukens assigned 570,000 shares to Our Lady of America Ministries Inc., a Ohio 501(c)(3) charity controlled by Mr. Lukens.
- F7Mr. Lukens assigned an aggregate of 10,000 shares of common stock to two individuals.
Remarks
All prices and amounts are revised to reflect the 10:1 reverse split effective December 11, 2015.