CADIZ INC — Director's Dealing 2009

May 27, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2009-05-22

Reporting Person: BRACKPOOL KEITH (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-22	Common Stock	A	60000	—	Acquired	92436	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

Footnotes

F1: The shares were allocated to the Reporting Person under the Issuer's 2007 Management Equity Incentive Plan, all of which vested and were issuable immediately.

F2: Previously recorded.