FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DOCHERTY JOHN MARTIN
2. Issuer Name and Ticker or Trading Symbol

Lexaria Bioscience Corp. [ LXRP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President
(Last)          (First)          (Middle)

23 MIKELEN DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

12/30/2019
(Street)

PORT PERRY, A6 L9L 1V1
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
common shares         1622250 I Private Holding Company 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options $0.09           3/26/2015 3/26/2020 Common Shares 550000  550000 D  
Stock Options $0.11           4/15/2016 4/15/2021 Common Shares 300000  850000 D  
Stock Options $1.53           5/31/2018 5/31/2023 Common Shares 400000  1250000 D  
Stock Options $0.09 12/30/2019  J (1)  550000    3/26/2015 3/26/2020 Common Shares 550000 $0.09 700000 D  

Explanation of Responses:
(1) Cancellation of Options

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
DOCHERTY JOHN MARTIN
23 MIKELEN DRIVE
PORT PERRY, A6 L9L 1V1
X
President

Signatures
Vanessa Carle12/30/2019
**Signature of Reporting PersonDate