Burns Stephen S. 4

4 · Workhorse Group Inc. · Filed Feb 8, 2019

Form 4

Period: 2019-02-04

DirectorCEO,CFO, Treasurer & Secretary10% Owner

Transactions

Award
Stock Options
2019-02-04$0.97/sh+1,000,000$970,000→ 1,000,000 total
Exercise: $0.97Exp: 2024-02-04→ Common Stock, Par Value $0.001 (1,000,000 underlying)

Holdings

Stock Options
Exercise: $6.00From: 2011-05-25Exp: 2018-05-25→ Common Stock (50,000 underlying)
50,000
Common Stock, $0.001 Par Value
804,102
Stock Options
Exercise: $5.28From: 2017-06-30Exp: 2027-05-19→ Common Stock, Par Value $0.001 (437,500 underlying)
437,500
Stock Options
Exercise: $7.21From: 2016-08-16Exp: 2021-08-16→ Common Stock, Par Value $0.001 (10,000 underlying)
10,000
Stock Options
Exercise: $1.75From: 2015-08-03Exp: 2020-08-03→ Common Stock (50,000 underlying)
50,000
Stock Options
Exercise: $0.10From: 2014-07-01Exp: 2019-06-30→ Common Stock (281,439 underlying)
281,439
Common Stock, $0.001 Par Value
(indirect: Deborah Sue Burns)
50,000
Stock Options
Exercise: $7.21From: 2016-08-16Exp: 2021-08-16→ Common Stock, Par Value $0.001 (35,000 underlying)
35,000
Stock Options
Exercise: $1.40From: 2014-12-19Exp: 2019-12-18→ Common Stock (50,000 underlying)
50,000
Stock Options
Exercise: $7.20From: 2010-12-08Exp: 2020-12-08→ Common Stock (30,000 underlying)
30,000
Stock Options
Exercise: $4.99From: 2016-02-03Exp: 2021-02-03→ Common Stock, Par Value $0.001 (40,000 underlying)
40,000
Stock Options
Exercise: $1.10From: 2010-12-04Exp: 2018-12-04→ Common Stock (30,000 underlying)
30,000
Stock Options
Exercise: $4.00From: 2010-05-12Exp: 2020-05-12→ Common Stock, Par Value $0.001 (60,000 underlying)
60,000

Footnotes (6)

[F1]10,000 of the options vested on February 3, 2016 and an additional 10,000 will vest every six months thereafter.
[F2]2,500 of the options vested on August 16, 2016 and an additional 2,500 will vest every six months thereafter.
[F3]8,750 of the options vested on August 16, 2016 and an additional 8,750 will vest every six months thereafter.
[F4]20,000 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.
[F5]Workhorse 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.
[F6]All of the options are immediately vested and exercisable.

Documents

1 file