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CADIZ INC — Director's Dealing 2016
Feb 12, 2016
33061_dirs_2016-02-12_f772404f-ad17-444f-9c13-771f19d4555f.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: 2015-12-31
Reporting Person: SHAHEEN TIMOTHY J (Director, CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-04-08 | Common Stock | G | 5000 | — | Disposed | 152500 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $11.5 | 2020-01-14 | Common Stock (100000) | 100000 | Direct |
| Restricted Stock Units | $ | Common Stock (100000) | 100000 | Direct |
Footnotes
F1: The Reporting Person disclaims beneficial ownership of 62,500 of these securities until such time, and to the extent, that ownership of the securities has vested.
F2: Previously reported.
F3: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.
F4: The 100,000 RSUs will vest once construction financing necessary for the implementation of the Cadiz Valley Water Conservation, Recovery and Storage Project, as defined in the approved Final Environmental Impact Report, is secured. These RSUs were granted on July 1, 2014, and will expire on June 10, 2017, if the milestone has not been achieved by such date.