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