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Filing Details

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
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
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

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.
Previously recorded.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.
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.