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):   December 14, 2016

VIASPACE Inc.
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(Exact name of registrant as specified in its charter)

     
Nevada 333-110680 76-0742386
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
382 N. Lemon Ave., Ste. 364, Walnut, California   91789
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(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   626-768-3360

Not Applicable
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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 the 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 under the Exchange Act (17 CFR 240.14a-12)
[  ]  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 December 14, 2016, the Registrant agreed to issue Ms. Angelina Galiteva, Director of the Registrant, 12,500,000 non-qualified stock options out of its existing stock option plan. The stock options will vest quarterly over one year with the vesting period starting January 1, 2017. The stock options were issued at $0.0017 per share.

On December 14, 2016, the Registrant agreed to issue Dr. Kevin Schewe, Chairman and Director of the Registrant, 25,000,000 non-qualified stock options out of its existing stock option plan. The stock options will vest quarterly over one year with the vesting period starting January 1, 2017. The stock options were issued at $0.0017 per share.

On December 14, 2016, the Registrant agreed to issue Mr. Haris Basit, CEO and Director of the Registrant, 25,000,000 non-qualified stock options out of its existing stock option plan. The stock options will vest quarterly over one year with the vesting period starting January 1, 2017. The stock options were issued at $0.0017 per share.

On December 14, 2016, the Registrant agreed to issue Dr. Carl Kukkonen, CTO and Director of the Registrant, 25,000,000 non-qualified stock options out of its existing stock option plan. The stock options will vest quarterly over one year with the vesting period starting January 1, 2017. The stock options were issued at $0.0017 per share.

On December 14, 2016, the Registrant agreed to issue Mr. Stephen Muzi, CFO of the Registrant, 25,000,000 non-qualified stock options out of its existing stock option plan. The stock options will vest quarterly over one year with the vesting period starting January 1, 2017. The stock options were issued at $0.0017 per share.






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.

         
    VIASPACE Inc.
          
December 19, 2016   By:   Stephen J. Muzi
       
        Name: Stephen J. Muzi
        Title: Chief Financial Officer