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CADIZ INC Director's Dealing 2011

Jan 12, 2011

33061_dirs_2011-01-12_cc5ad1b3-dabc-4db5-856e-de72e54f6534.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: 2011-01-10

Reporting Person: BRACKPOOL KEITH (Director, Chairman and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-01-10 Common Stock A 100000 Acquired 247436 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
2010-01-14 Employee Stock Options (right to buy) $11.5 A 200000 Acquired 2020-01-14 Common Stock (200000) Direct

Footnotes

F1: Shares issued to the Reporting Person under the Issuer's 2009 Equity Incentive Plan. The employee has a contractual agreement not to sell any of these shares for a period of three years following the issuance date.

F2: Includes 85,000 shares issued to the Reporting Person on January 14, 2010, under the Issuer's 2009 Equity Incentive Plan. The employee has a contractual agreement not to sell any of these shares for a period of three years following the issuance date.

F3: Previously reported.

F4: Options, which were authorized under the Issuer's 2009 Equity Incentive Plan and which were granted to the Reporting Person on January 14, 2010, vested one-third immediately, one-third will vest on January 14, 2011, and one-third will vest on January 14, 2012.