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 OF SECURITIES

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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(Print or Type Responses)
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 (Month/Day/Year)
07/13/2020
(Street)

LOVELAND, OH 45140
4. If Amendment, Date 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
(City)
(State)
(Zip)
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, $0.001 par value per share 07/13/2020   S   11,451 (1) D $ 17.16 347,589 D  
Common Stock, $0.001 par value per share 07/13/2020   S   40,516 (1) D $ 16.56 359,040 D  
Common Stock, $0.001 par value per share 07/13/2020   S   10,546 (1) D $ 15.67 399,556 D  
Common Stock, $0.001 par value per share 07/13/2020   F   7,487 (6) D $ 16.48 410,102 D  
Common Stock, $0.001 par value per share 07/13/2020   M   20,000 (6) A $ 1.75 417,589 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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 (6) $ 1.75 07/13/2020   M   20,000   08/03/2015 08/03/2020 Common Stock, $0.001 par value per share 20,000 $ 1.75 0 D  
Stock Options (2) $ 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 (2) $ 0.97             02/04/2019 02/04/2024 Common Stock, $0.001 par value per share 50,000   50,000 D  
Stock Options (3) $ 5.28             06/30/2017 05/19/2027 Common Stock, $0.001 par value per share 400,000   400,000 D  
Stock Options (4) $ 7.21             08/16/2016 08/16/2021 Common Stock, $0.001 par value per share 22,000   22,000 D  
Stock Options (5) $ 4.99             02/03/2016 02/03/2021 Common Stock, $0.001 par value per share 25,000   25,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Hughes Duane
C/O WORKHORSE GROUP INC.
100 COMMERCE DRIVE
LOVELAND, OH 45140
  X     CEO and President  

Signatures

 /s/ Duane Hughes   07/15/2020
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.
(2) The options vested in full on November 6, 2019.
(3) Options shall become exercisable in twelve (12) equal quarterly installments of 83,333 commencing on March 31, 2019.
(4) 5,500 of the options vested on each of August 16, 2016, February 16, 2017, August 16, 2017 and February 16, 2018.
(5) Workhorse Group Inc. granted stock options exercisable at $5.28 per share to Mr. Hughes to acquire 400,000 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 25,000 shares commencing June 30, 2017.
(6) Represents the exercise of a stock option pursuant to which the Reporting Person received an aggregate of 20,000 shares by means of a cashless exercise. A cashless exercise is a method of exercising a stock option in which the option holder pays the exercise price to Workhorse Group Inc. using shares of common stock the Reporting Person would have received pursuant to the option exercise. As a result of this cashless exercise, the Reporting Person, on a net basis, acquired ownership of a net amount of 12,513 shares of common stock.

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