Filing Details

Accession Number:
0001191901-17-000001
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-01-06 18:15:11
Reporting Period:
2016-05-10
Filing Date:
2017-01-06
Accepted Time:
2017-01-06 18:15:11
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
727273 Cadiz Inc CDZI Water Supply (4941) 770313235
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1191901 J Timothy Shaheen 550 South Hope Street
Ste 2850
Los Angeles CA 90071
Cfo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2016-05-10 5,000 $0.00 147,500 No 5 G Direct
Common Stock Disposition 2016-08-10 2,000 $0.00 145,500 No 5 G Direct
Common Stock Disposition 2017-01-05 32,000 $12.70 113,500 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 G Direct
No 5 G Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Employee Stock Option (right to buy) $11.50 2012-01-14 2020-01-14 100,000 100,000 Direct
Common Stock Restricted Stock Units $0.00 100,000 100,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2020-01-14 100,000 100,000 Direct
100,000 100,000 Direct
Footnotes
  1. Pursuant to a sales plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Plan"), and in accordance with that certain Lockup Agreement, dated December 1, 2016, delivered by Mr. Shaheen to B. Riley & Co. LLC, 32,000 shares of the Company's common stock (the "Shares") were sold for the account of Mr. Shaheen for the purpose of meeting Mr. Shaheen's tax obligations arising from certain equity awards granted by the Company to Mr. Shaheen. The Shares represent the full amount authorized for sale under the Plan.
  2. Previously recorded.
  3. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.
  4. The 100,000 RSUs will vest once construction financing necessary for the implementation of the Cadiz Valley Water Conservation, Recovery and Storage Project, as defined in the approved Final Environmental Impact Report, is secured. These RSUs were granted on July 1, 2014, and will expire on June 10, 2017, if the milestone has not been achieved by such date.