Water Asset Management LLC 4
4 · CADIZ INC · Filed May 2, 2019
Insider Transaction Report
Form 4
CADIZ INCCDZI
Water Asset Management LLC
10% Owner
Transactions
- Conversion
Common Stock, par value $0.01 ("Common Stock")
2019-04-22$6.75/sh+291,057$1,964,635→ 3,258,219 total(indirect: See footnote) - Conversion
Convertible Promissory Note
2019-04-22+1,964,643→ 0 total(indirect: See footnote)Exercise: $6.75Exp: 2020-03-05→ Common Stock (291,057 underlying)
Footnotes (2)
- [F1]The securities reported herein are directly held by investment funds and/or managed accounts for which Water Asset Management, LLC, a New York limited liability company (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.
- [F2]The Convertible Promissory Note issued pursuant to the Indenture, dated as of March 5, 2013 (the "Indenture"), between the Issuer and The Bank of New York Mellon Trust Company, N.A., as trustee, is convertible at any time at the conversion rate equivalent to 148.148 shares of the Issuer's common stock per $1,000 of the then accreted principal amount of the Convertible Promissory Note on the conversion date.