UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: (Date of earliest event reported) January 3, 2016 UNITED CANNABIS CORPORATION ------------------------------------------- (Exact name of registrant as specified in charter) Colorado ------------------------------------------------ (State or other Jurisdiction of Incorporation or Organization) 1600 Broadway, Suite 1600 000-54582 Denver, CO 80202 46-5221947 ---------------- ----------------------------- ------------------ (Commission File Number) (Address of Principal Executive (IRS Employer Number) Offices and Zip Code) Identification Number) (303) 386-7321 ------------------------------------------- (Registrant's telephone number, including area code) N/A ---------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS On January 15, 2016, the Board of Directors awarded 1,050,000, 1,050,000, and 9820,000 stock options to each of its three executive officers, Earnest Blackmon, Tony Verzura and Chad Ruby, respectively. The options have a ten year term, vest immediately and the exercise price is $0.20 per share which was the closing price of the Company's common stock on January 14, 2016. On January 3, 2016, the Company's Board of Directors voted to set the annual salary for Mr. Verzura at $48,000 effective January 1, 2016. At the same time, Mr. Blackmon and Mr. Ruby agreed to discontinue taking salaries effective January 1, 2016. 2
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED CANNABIS CORPORATION Dated: January 19, 2016 By: /s/ Chad Ruby ------------------------------------ Chad Ruby Chief Operating Office