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LXRP.OB > SEC Filings for LXRP.OB > Form 8-K on 10-Jul-2009All Recent SEC Filings

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Form 8-K for LEXARIA CORP.


10-Jul-2009

Unregistered Sale of Equity Securities


Item 3.02 Unregistered Sales of Equity Securities

On July 20, 2007, the Company had adapted a Stock Option Plan. Based on this original Stock Option Plan, on July 8, 2009, the Company has granted additional 75,000 stock options to its directors and consultants of the Company. The exercise price of the stock options is $0.20, which are vested immediately and expires July 20, 2011.

The following are the recipients and the options granted:

Christopher Bunka

18,750

David DeMartini

6,250

Ken Brooks

6,250

Thomas Ihrke

6,250

Bal Bhullar

37,500

Based on the original Stock Option Plan, on July 8, 2009, the Company has modified the exercise price of the previous 1,300,000 stock options that have now been modified to 325,000 stock options after the 4 to 1 stock consolidation to $0.20.

The following are the recipients and options exercise price modified:

Christopher Bunka

200,000

Ken Brooks

75,000

Bal Bhullar

12,500

Tom Ihrke

37,500

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