CADIZ INC — Director's Dealing 2008

Jun 13, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2008-06-11

Reporting Person: Peloton Partners, LLP (10% Owner, No longer a 10% owner)
Reporting Person: Grant Geoffrey T (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-11	Common Stock, par value $0.01 per share ("Common Stock") See	S	1385104	$13.90	Disposed	0	Direct

Footnotes

F1: Peloton Partners LLP ("Peloton Partners"), as investment manager to Peloton Partners LP and Peloton Multi-Strategy Master
Fund, Ltd. (the "Investment Entities"), may be deemed to have been the beneficial owner of the Issuer's securities held by
the Investment Entities. Peloton Partners disclaims beneficial ownership of such securities, and this report shall not be
deemed an admission that Peloton Partners was the beneficial owner of the securities for the purpose of Section 16 or for
any other purpose, except to the extent of its pecuniary interest therein.

F2: Geoffrey Grant, as Chief Investment Officer of Peloton Partners, may be deemed to have been the beneficial owner of the
Issuer's securities held by the Investment Entities. Mr. Grant disclaims beneficial ownership of such securities, and this
report shall not be deemed an admission that Mr. Grant was the beneficial owner of the securities for the purpose of Section
16 or for any other purpose, except to the extent of his pecuniary interest therein. In additional, Mr. Grant filed another
From 4 in his capacity as a Director of the Issuer.

F3: As of June 11, 2008, Peloton Partners is not a 10% owner in the Issuer and is no longer subject to Section 16.