Sec Form 4 Filing - Hughes Duane @ Workhorse Group Inc. - 2020-09-17

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Hughes Duane
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 and President
(Last) (First) (Middle)
C/O WORKHORSE GROUP INC., 100 COMMERCE DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
09/17/2020
(Street)
LOVELAND, OH45140
4. If Amendment, Date Original Filed (MM/DD/YY)
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 per share 09/17/2020 S 50,000 ( 1 ) D $ 25.78 338,600 D
Common Stock, $0.001 par value per share 09/17/2020 M 19,011 A $ 4.99 388,600 D
Common Stock, $0.001 par value per share 09/17/2020 M 22,000 A $ 7.21 369,589 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 $ 4.99 09/17/2020 M 19,011 02/03/2016 02/03/2021 Common Stock, $0.001 par value per share 19,011 $ 4.99 5,989 D
Stock Options $ 7.21 09/17/2020 M 22,000 08/16/2016 08/16/2021 Common Stock, $0.001 par value per share 22,000 $ 25.78 0 D
Stock Options $ 0.97 03/31/2019 02/04/2024 Common Stock, $0.001 par value per share 1,000,000 1,000,000 D
Stock Options $ 0.97 02/04/2019 02/04/2024 Common Stock, $0.001 par value per share 50,000 50,000 D
Stock Options $ 5.28 06/30/2017 05/19/2027 Common Stock, $0.001 par value per share 400,000 400,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hughes Duane
C/O WORKHORSE GROUP INC.
100 COMMERCE DRIVE
LOVELAND, OH45140
X CEO and President
Signatures
/s/ Duane Hughes 09/18/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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