Form 8-K for LEXARIA CORP.
Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Stat
The Company on June 11, 2014 had adopted the 2014 Stock Option Plan. Based on this original Stock Option Plan, on December 22, 2014, the Company has granted 1,425,000 stock options to Directors, Officers and consultants. The exercise price of the stock options is $0.11, 1,125,000 vesting immediately, 100,000 vesting in six month, and 100,000 vesting in 12 months expiring on December 22, 2019.
The following are the recipients and the options granted:
Chris Bunka 500,000 Bal Bhullar 500,000 Nicholas Baxter 100,000 Thomas Ihrke 300,000
Exhibit No. Description 10.1 Form of Stock Option Agreement dated December 22, 2014 10.2 Consulting Agreement with Thomas Ihrke 99.1 Press Release dated December 22, 2014