SEC Form 4 · accession 0001213900-19-002365

Workhorse Group Inc. · WKHS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Feb 11, 2019

Accepted (ET)

Feb 13, 2019 · 4:17 pm EST

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 share	Feb 11, 2019	P	420,967	$0.9502	A	439,349	D
Common Stock, $0.001 par value per share^F5	Feb 11, 2019	P	420,967	$0.9502	A	420,967	I	See Footnote
Common Stock, $0.001 par value per share^F2	holding	—	—		—	762,532	I	See Footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock Purchase Warrant^F3,F2	$5.28	holding	—	—	—	Nov 9, 2015	Nov 9, 2020	Common Stock, Par Value	237,467	237,467	I
Stock Options^F4	$7.21	holding	—	—	—	Aug 16, 2016	Aug 16, 2021	Common Stock, Par Value $0.001	10,000	10,000	D
Stock Options^F1	$7.01	holding	—	—	—	Dec 17, 2015	Dec 17, 2020	Common Stock, Par Value $0.001	50,000	50,000	D
Common Stock Purchase Warrant^F3,F2	$5.28	holding	—	—	—	Dec 4, 2015	Dec 4, 2020	Common Stock, Par Value $0.001	142,857	142,857	I

F110,000 of the options vested on December 17, 2015 and 4,000 shall vest every six (6) months thereafter on June 30 and December 31.
F2On 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.
F3H. Benjamin Samuels is a trustee and beneficiary of the Trust
F42,500 of the options vested on August 16, 2016 and an additional 2,500 will vest every six months thereafter.
F5On 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.