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CADIZ INC — Director's Dealing 2008
Jan 3, 2008
33061_dirs_2008-01-03_0990c7b9-e3d5-400a-abc6-2414299cc977.zip
Director's Dealing
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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership
Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2007-12-31
Reporting Person: BRACKPOOL KEITH (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-04-23 | Common Stock | G | 10000 | — | Disposed | 107436 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2005-05-04 | Employee Stock Options (right to buy) | $12 | A | 100000 | Acquired | 2015-05-04 | Common Stock (100000) | Direct |
| 2007-07-25 | Performance Rights | $ | A | 600000 | Acquired | Common Stock (600000) | Direct |
Footnotes
F1: Previously reported.
F2: Represents Milestone-Based Deferred Stock Grants under the Company's 2007 Management Equity Incentive Plan. Each performance right represents a contingent right to receive one share of the Company's common stock. One-half of the performance rights shall be issuable only if the Trading Price of the Company's common stock is at least $28 per share for any ten trading days (whether or not consecutive) falling within any period of thirty consecutive trading days which, in turn, fall within a period of two years commencing March 13, 2007, and ending March 12, 2009 (the "Milestone Period"). The remaining one-half of the performance rights shall be issuable only if the Trading Price of the Company's common stock is at least $35 per share for any ten trading days (whether or not consecutive) falling within any period of thirty consecutive trading days which, in turn, fall within the Milestone Period.
F3: (continuation of footnote 2) Any performance rights as to which the Trading Price Conditions set forth above are satisfied shall, subject to the terms of the Company's 2007 Management Equity Incentive Plan, vest and be issuable in four equal annual installments beginning January 1, 2008.
F4: Represents the date upon which the final condition to the efectiveness of the Company's 2007 Management Equity Incentive Plan was satisfied and the Plan became effective.