4//SEC Filing
CADIZ INC 4
Accession 0000923876-14-000012
$CDZICIK 0000727273operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 6:07 PM ET
Size
13.7 KB
Accession
0000923876-14-000012
Insider Transaction Report
Form 4
CADIZ INCCDZI
SHAHEEN TIMOTHY J
DirectorChief Financial Officer
Transactions
- Award
Common Stock
2014-07-01+62,500→ 157,500 total - Award
Restricted Stock Units
2014-07-01+100,000→ 100,000 total→ Common Stock (100,000 underlying) - Gift
Common Stock
2014-05-14−5,000→ 95,000 total - Award
Employee Stock Option (right to buy)
2010-01-14+100,000→ 100,000 totalExercise: $11.50From: 2012-01-14Exp: 2020-01-14→ Common Stock (100,000 underlying)
Holdings
- 2,000(indirect: By Trust)
Common Stock
- 1,663(indirect: By Trust)
Common Stock
Footnotes (7)
- [F1]Represents the shares of common stock underlying a like number of restricted stock units granted to the Reporting Person on July 1, 2014. These restricted stock units shall vest ratably in ten equal quarterly installments on the final day of every quarter over the 30 month period commencing July 1, 2014, subject to the Reporting Person's continuing employment as of each such vesting date.
- [F2]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.
- [F3]These shares are held in trust for the benefit of the Reporting Person's son. The Reporting Person is custodian of the trust. The Reporting Person disclaims beneficial ownership of these securities.
- [F4]These shares are held in trust for the benefit of the Reporting Person's daughter. The Reporting Person is custodian of the trust. The Reporting Person disclaims beneficial ownership of these securities.
- [F5]Previously reported.
- [F6]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock.
- [F7]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.
Documents
Issuer
CADIZ INC
CIK 0000727273
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000727273
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 6:07 PM ET
- Size
- 13.7 KB