Workhorse Group Inc. 4
4 · Workhorse Group Inc. · Filed Dec 9, 2016
Insider Transaction Report
Form 4
Budde Gerald B.
Director
Transactions
- Exercise of In-Money
Common Stock Purchase Warrant
2016-11-18−25,000→ 0 total(indirect: See footnote)Exercise: $1.50From: 2014-05-28Exp: 2017-05-28→ Common Stock, Par Value $0.001 (0 underlying) - Exercise of In-Money
Common Stock, $0.001 par value per share
2016-11-18$37500.00/sh+25,000$937,500,000(indirect: See Footnote)
Holdings
- 50,000
Stock Options
Exercise: $7.01From: 2015-12-17Exp: 2020-12-17→ Common Stock, Par Value $0.001 (50,000 underlying) - 10,000
Stock Options
Exercise: $7.21From: 2016-08-16Exp: 2021-08-16→ Common Stock, Par Value $0.001 (10,000 underlying)
Footnotes (3)
- [F1]On November 18, 2016, the Gerald B. Budde Living Trust dated September 8, 2004 exercised a common stock purchase warrant to acquire 25,000 shares of common stock at an exercise price of $1.50 per share. Gerald Budde is the trustee of such trust.
- [F2]10,000 of the options vested on December 17, 2015 and 4,000 shall vest every six (6) months thereafter on June 30 and December 31.
- [F3]2,500 of the options vested on August 16, 2016 and an additional 2,500 will vest every six months thereafter.