LUKENS JOSEPH THEODORE JR 4

4 · Workhorse Group Inc. · Filed Oct 5, 2017

Form 4

Period: 2017-09-18

10% Owner

Transactions

Purchase
Common Stock, $0.001 par value per share
2017-09-18$3.20/sh+781,248$2,499,994→ 6,970,283 total(indirect: See footnote)
Purchase
Common Stock, $0.001 par value per share
2017-09-18+6,189,035→ 6,189,035 total(indirect: See footnote)
Sale
Common Stock, $0.001 par value per share
2017-09-18−3,491,888→ 0 total
Sale
Common Stock, $0.001 par value per share
2017-09-18−2,697,147→ 0 total(indirect: See footnote)
Award
Warrants
2017-09-18+585,936→ 585,936 total(indirect: See Footnote)
Exercise: $3.80From: 2017-09-18Exp: 2022-09-18→ Common Stock, Par Value $0.001 (585,936 underlying)

Holdings

Common Stock, $0.001 par value per share
(indirect: See footnote)
25,000
Common Stock, $0.001 par value per share
(indirect: By Foundation)
154,871
Common Stock, $0.001 par value per share
(indirect: See footnote)
25,000
Common Stock Purchase Warrant
Exercise: $5.28From: 2015-11-25Exp: 2020-11-25→ Common Stock, Par Value $0.001 (571,429 underlying)
571,429

Footnotes (4)

[F1]US Trust Company of Delaware Administrative Trustee of the Joe & Kim Lukens Dynasty Trust assigned 2,697,147 shares of common stock to New Era Capital Fund L.P. ("New Era") in exchange for 34.504% of New Era. New Era Capital LLC ("NEC") is the General Partner of New Era. Mr. Lukens is the managing member of NEC. Jospeh T. Lukens, Jr. assigned 3,491,888 shares of common stock to New Era in exchange for 44.672% of New Era.
[F2]New Era acquired 781,248 shares of common stock and warrants to purchase 585,936 shares of common stock for a period of five years at an exercise price of $3.80 per share from the Company on September 18, 2017 for an aggregate purchase price of $2,499,993.60.
[F3]Joseph 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
[F4]Joseph 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.

Documents

1 file