SEC Form 4/A · accession 0001213900-18-005210
Workhorse Group Inc. · WKHS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Stephen S. Burns
Officer — CEO · Director
Period of report
Apr 26, 2018
Accepted (ET)
Apr 30, 2018 · 5:15 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 | Apr 26, 2018 | P | 36,765 | $2.72 | A | 804,102 | D | |
| COMMON STOCK, $0.001 PAR VALUE | holding | — | — | — | 50,000 | I | Deborah Sue Burns |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF3,F5 | $5.28 | holding | — | — | — | Jun 30, 2017 | May 19, 2027 | Common Stock, Par Value $0.001 | 62,500 | 62,500 | D |
| Stock OptionsF3 | $7.21 | holding | — | — | — | Aug 16, 2016 | Aug 16, 2021 | Common Stock, Par Value $0.001 | 35,000 | 35,000 | D |
| Stock OptionsF2 | $7.21 | holding | — | — | — | Aug 16, 2016 | Aug 16, 2021 | Common Stock, Par Value $0.001 | 10,000 | 10,000 | D |
| Stock OptionsF1 | $4.99 | holding | — | — | — | Feb 3, 2016 | Feb 3, 2021 | Common Stock, Par Value $0.001 | 40,000 | 40,000 | D |
| Stock Options | $1.75 | holding | — | — | — | Aug 3, 2015 | Aug 3, 2020 | Common Stock | 50,000 | 50,000 | D |
| Stock Options | $1.40 | holding | — | — | — | Dec 19, 2014 | Dec 18, 2019 | Common Stock | 50,000 | 50,000 | D |
| Stock Options | $0.10 | holding | — | — | — | Jul 1, 2014 | Jun 30, 2019 | Common Stock | 281,439 | 281,440 | D |
| Stock Options | $6.00 | holding | — | — | — | May 25, 2011 | May 25, 2018 | Common Stock | 50,000 | 50,000 | D |
| Stock Options | $1.10 | holding | — | — | — | Dec 4, 2010 | Dec 4, 2018 | Common Stock | 30,000 | 30,000 | D |
| Stock Options | $7.20 | holding | — | — | — | Dec 8, 2010 | Dec 8, 2020 | Common Stock | 30,000 | 30,000 | D |
| Stock OptionsF4 | $4.00 | holding | — | — | — | May 12, 2010 | May 12, 2020 | Common Stock, Par Value $0.001 | 60,000 | 60,000 | D |
Explanation of responses
- F110,000 of the options vested on February 3, 2016 and an additional 10,000 will vest every six months thereafter.
- F22,500 of the options vested on August 16, 2016 and an additional 2,500 will vest every six months thereafter.
- F38,750 of the options vested on August 16, 2016 and an additional 8,750 will vest every six months thereafter.
- F420,000 of the options vested on May 12, 2010 and the remaining 40,000 shares became exercisable in eight (8) equal installments of 5,000 shares at the end of every quarter commencing June 30, 2010.
- F5Workhorse Group Inc. granted stock options exercisable at $5.28 per share to Mr. Burns to acquire 1,000,000 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 62,500 shares commencing June 30, 2017.