CADIZ INC — Director's Dealing 2006

Jul 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2006-07-07

Reporting Person: Peloton Partners, LLP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-07	Common Stock, $0.01 par value ("Common Stock")	P	67200	$17.55	Acquired	67200	Indirect
2006-07-07	Common Stock, $0.01 par value ("Common Stock")	P	16900	$17.365	Acquired	67200	Indirect
2006-07-07	Common Stock, $0.01 par value ("Common Stock")	P	3738	$17.7934	Acquired	67200	Indirect

Footnotes

F1: The shares of Common Stock to which this line refers are held indirectly by Peloton Partners, LLP (the "Reporting Person"),
in its capacity as the registered investment adviser of certain funds. The Reporting Person is a registered investment
adviser and as such disclaims all beneficial ownership of these shares and in any case disclaims beneficial ownership of
these shares except to the extent of the Reporting Person's pecuniary interest in the shares. The Reporting Person is a
registered investment adviser but has elected to file Form 3 nonetheless.