Sec Form 4/A Filing - Burns Stephen S. @ Workhorse Group Inc. - 2018-04-26

Insider filing report for Changes in Beneficial Ownership
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FORM 4/A
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Burns Stephen S.
2. Issuer Name and Ticker or Trading Symbol
Workhorse Group Inc. [ WKHS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
04/26/2018
(Street)
LOVELAND, OH45140
4. If Amendment, Date Original Filed (MM/DD/YY)
04/30/2018
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK, $0.001 PAR VALUE 50,000 I Deborah Sue Burns
COMMON STOCK, $0.001 PAR VALUE 04/26/2018 P 36,765 A $ 2.72 804,102 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Stock Options ( 3 ) $ 5.28 06/30/2017 05/19/2027 Common Stock, Par Value $0.001 62,500 ( 5 ) 62,500 ( 5 ) D
Stock Options ( 3 ) $ 7.21 08/16/2016 08/16/2021 Common Stock, Par Value $0.001 35,000 ( 3 ) 35,000 ( 3 ) D
Stock Options ( 2 ) $ 7.21 08/16/2016 08/16/2021 Common Stock, Par Value $0.001 10,000 ( 2 ) 10,000 ( 2 ) D
Stock Options ( 1 ) $ 4.99 02/03/2016 02/03/2021 Common Stock, Par Value $0.001 40,000 ( 1 ) 40,000 ( 1 ) D
Stock Options $ 1.75 08/03/2015 08/03/2020 Common Stock 50,000 50,000 D
Stock Options $ 1.4 12/19/2014 12/18/2019 Common Stock 50,000 50,000 D
Stock Options $ 0.1 07/01/2014 06/30/2019 Common Stock 281,439 281,440 D
Stock Options $ 6 05/25/2011 05/25/2018 Common Stock 50,000 50,000 D
Stock Options $ 1.1 12/04/2010 12/04/2018 Common Stock 30,000 30,000 D
Stock Options $ 7.2 12/08/2010 12/08/2020 Common Stock 30,000 30,000 D
Stock Options ( 4 ) $ 4 05/12/2010 05/12/2020 Common Stock, Par Value $0.001 60,000 ( 4 ) 60,000 ( 4 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Burns Stephen S.
C/O WORKHORSE GROUP INC.,
100 COMMERCE DRIVE
LOVELAND, OH45140
X CEO
Signatures
/s/ Stephen S. Burns 04/30/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )10,000 of the options vested on February 3, 2016 and an additional 10,000 will vest every six months thereafter.
( 2 )2,500 of the options vested on August 16, 2016 and an additional 2,500 will vest every six months thereafter.
( 3 )8,750 of the options vested on August 16, 2016 and an additional 8,750 will vest every six months thereafter.
( 4 )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.
( 5 )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.

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