SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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X
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LUKENS JOSEPH THEODORE JR
(Last) (First) (Middle)
C/O WORKHORSE GROUP INC.,
100 COMMERCE DRIVE
(Street)
LOVELAND OH 45140
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Workhorse Group Inc. [ WKHS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 04/30/2018 P 36,765 A $2.82 7,007,048 I See Footnotes(1)
Common Stock 06/14/2018 M(2) 410,155 A $0.00 7,417,203 I See Footnotes(1)
Common Stock 07/16/2019 S 267,356 D $3.6 7,149,847 I See Footnotes(1)
Common Stock 07/22/2019 S 109,000 D $3.48 7,040,847 I See Footnotes(1)
Common Stock 02/18/2020 S 83,644 D $3.36 6,957,203 I See Footnotes(1)
Common Stock 02/21/2020 S 4,946 D $3.9 6,952,257 I See Footnotes(1)
Common Stock 02/25/2020 S 200 D $3.7 6,952,057 I See Footnotes(1)
Common Stock 02/26/2020 S 61,700 D $3.62 6,890,357 I See Footnotes(1)
Common Stock 03/03/2020 S 100,000 D $2.99 6,790,357 I See Footnotes(1)
Common Stock 03/11/2020 S 15,000 D $2.36 6,775,357 I See Footnotes(1)
Common Stock 04/05/2020 S 18,154 D $3.24 6,757,203 I See Footnotes(1)
Common Stock 05/20/2020 J(3) 654,781 D $0.00 6,102,422 I See Footnotes(1)
Common Stock 06/30/2020 S 500,000 D $18.4 5,602,422 I See Footnotes(1)
Common Stock 07/01/2020 S 100,000 D $20 5,502,422 I See Footnotes(1)
Common Stock 07/07/2020 J(3) 1,500,000 D $0.00 4,002,422 I See Footnotes(1)
Common Stock 07/07/2020 J(3) 1,500,000 A $0.00 1,500,000 D
Common Stock 09/03/2019 G 77,436 D $0.00 77,435 I The Joe & Kim Lukens Foundation
Common Stock 12/23/2019 G 77,435 D $0.00 0 I The Joe & Kim Lukens Foundation
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Common Stock Purchase Warrant $3.8 06/14/2018 M 585,936 09/18/2017 09/18/2022 Common Stock 585,936 $0.00 0 I See Footnotes(1)
Explanation of Responses:
1. Held by New Era Capital Fund L.P. of which New Era Capital LLC is the General Partner, of which the reporting person is the managing member. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
2. New Era Capital Fund L.P. exchanged warrants to purchase 585,936 shares of common stock of the issuer for 410,155 shares of common stock of the issuer.
3. In-kind distribution by New Era Capital Fund L.P. of the issuer's common stock to New Era Capital Fund L.P.'s partners.
Remarks:
* The prices per share reported under Item 4 of Table I are weighted average prices at which New Era Capital Fund L.P. sold or purchased the shares of common stock.
/s/ Joseph T. Lukens 07/10/2020
** Signature of Reporting Person Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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