Statement of Changes in Beneficial Ownership (4)
July 10 2020 - 10:57AM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
LUKENS JOSEPH THEODORE JR |
2. Issuer Name and Ticker or Trading Symbol
Workhorse Group Inc.
[
WKHS
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/30/2018 |
(Street)
LOVELAND, OH 45140
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 4/30/2018 | | P | | 36765 | A | $2.82 | 7007048 | I | See Footnotes (1) |
Common Stock | 6/14/2018 | | M(2) | | 410155 | A | $0.00 | 7417203 | I | See Footnotes (1) |
Common Stock | 7/16/2019 | | S | | 267356 | D | $3.60 | 7149847 | I | See Footnotes (1) |
Common Stock | 7/22/2019 | | S | | 109000 | D | $3.48 | 7040847 | I | See Footnotes (1) |
Common Stock | 2/18/2020 | | S | | 83644 | D | $3.36 | 6957203 | I | See Footnotes (1) |
Common Stock | 2/21/2020 | | S | | 4946 | D | $3.90 | 6952257 | I | See Footnotes (1) |
Common Stock | 2/25/2020 | | S | | 200 | D | $3.70 | 6952057 | I | See Footnotes (1) |
Common Stock | 2/26/2020 | | S | | 61700 | D | $3.62 | 6890357 | I | See Footnotes (1) |
Common Stock | 3/3/2020 | | S | | 100000 | D | $2.99 | 6790357 | I | See Footnotes (1) |
Common Stock | 3/11/2020 | | S | | 15000 | D | $2.36 | 6775357 | I | See Footnotes (1) |
Common Stock | 4/5/2020 | | S | | 18154 | D | $3.24 | 6757203 | I | See Footnotes (1) |
Common Stock | 5/20/2020 | | J(3) | | 654781 | D | $0.00 | 6102422 | I | See Footnotes (1) |
Common Stock | 6/30/2020 | | S | | 500000 | D | $18.40 | 5602422 | I | See Footnotes (1) |
Common Stock | 7/1/2020 | | S | | 100000 | D | $20.00 | 5502422 | I | See Footnotes (1) |
Common Stock | 7/7/2020 | | J(3) | | 1500000 | D | $0.00 | 4002422 | I | See Footnotes (1) |
Common Stock | 7/7/2020 | | J(3) | | 1500000 | A | $0.00 | 1500000 | D | |
Common Stock | 9/3/2019 | | G | | 77436 | D | $0.00 | 77435 | I | The Joe & Kim Lukens Foundation |
Common Stock | 12/23/2019 | | G | | 77435 | D | $0.00 | 0 | I | The Joe & Kim Lukens Foundation |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Common Stock Purchase Warrant | $3.80 | 6/14/2018 | | M | | | 585936 | 9/18/2017 | 9/18/2022 | Common Stock | 585936 | $0.00 | 0 | I | See Footnotes (1) |
Explanation of Responses: |
(1) | Held by New Era Capital Fund L.P. of which New Era Capital LLC is the General Partner, of which the reporting person is the managing member. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
(2) | New Era Capital Fund L.P. exchanged warrants to purchase 585,936 shares of common stock of the issuer for 410,155 shares of common stock of the issuer. |
(3) | In-kind distribution by New Era Capital Fund L.P. of the issuer's common stock to New Era Capital Fund L.P.'s partners. |
Remarks: * The prices per share reported under Item 4 of Table I are weighted average prices at which New Era Capital Fund L.P. sold or purchased the shares of common stock. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
LUKENS JOSEPH THEODORE JR C/O WORKHORSE GROUP INC., 100 COMMERCE DRIVE LOVELAND, OH 45140 |
| X |
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Signatures
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/s/ Joseph T. Lukens | | 7/10/2020 |
**Signature of Reporting Person | Date |
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