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CADIZ INC Director's Dealing 2008

Jan 3, 2008

33061_dirs_2008-01-03_4d7a19ac-1e03-4b0d-b34c-c683e1a586bb.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2007-12-31

Reporting Person: SHAHEEN TIMOTHY J (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-12-31 Common Stock S 900 $19.6 Disposed 0 Indirect
2007-12-31 Common Stock S 250 $19.75 Disposed 650 Indirect
2007-12-31 Common Stock S 650 $19.6 Disposed 0 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 11735 Direct

Footnotes

F1: Includes 876 shares allocated to the Reporting Person under the Outside Director Compensation Plan for services rendered by the Reporting Person as a director of the Issuer during the 12 month period ended June 30, 2007, which shares will vest on January 31, 2008.

F2: 900 shares were sold by 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 securities held by this trust.

F3: 900 shares were sold by 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 securities held by this trust.