CADIZ INC — Director's Dealing 2017

Oct 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CADIZ INC (CDZI)
CIK: 0000727273
Period of Report: 2017-10-03

Reporting Person: Water Asset Management LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-03	Common Stock	J	8541	$12.50	Acquired	2967162	Indirect

Footnotes

F1: Cadiz Inc. (the "Company") issued the 8,541 shares of common stock of the Company subject to this Form 4 (the "Shares") to WPI-Cadiz Farm CA, LLC ("WPI-Cadiz Farm"), an affiliate of the Reporting Person, pursuant to that certain Settlement Agreement and Release, dated as of October 2, 2017, by and among the Company, Cadiz Real Estate LLC, WPI-Cadiz Farm and certain other parties thereto.

F2: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.