CADIZ INC 5
5 · CADIZ INC · Filed Feb 12, 2016
Insider Transaction Report
Form 5
CADIZ INCCDZI
SHAHEEN TIMOTHY J
DirectorChief Financial Officer
Transactions
- Gift
Common Stock
2015-04-08−5,000→ 152,500 total
Holdings
- 100,000
Employee Stock Option (right to buy)
Exercise: $11.50From: 2012-01-14Exp: 2020-01-14→ Common Stock (100,000 underlying) - 100,000
Restricted Stock Units
→ Common Stock (100,000 underlying)
Footnotes (4)
- [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.