CADIZ INC — Director's Dealing 2007

Mar 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2007-02-12

Reporting Person: SHAHEEN TIMOTHY J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-12	Common Stock	G	900	—	Disposed	41759	Direct
2007-02-12	Common Stock	G	900	—	Acquired	900	Indirect
2007-02-12	Common Stock	G	900	—	Disposed	40859	Direct
2007-02-12	Common Stock	G	900	—	Acquired	900	Indirect
2007-03-28	Common Stock	S	12000	$25.5	Disposed	28859	Direct
2007-03-28	Common Stock	S	18000	$25.55	Disposed	10859	Direct

Footnotes

F1: 900 shares were gifted by the Reporting Person to a trust for the benefit of the Reporting Person's daughter. The Reporting Person is custodian of this trust. The Reporting Person disclaims beneficial ownership of these securities.

F2: 900 shares were gifted by the Reporting Person to a trust for the benefit of the Reporting Person's son. The Reporting Person is custodian of this trust. The Reporting Person disclaims beneficial ownership of these securities.