4//SEC Filing
CADIZ INC 4
Accession 0001191901-17-000001
$CDZICIK 0000727273operating
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 6:15 PM ET
Size
11.5 KB
Accession
0001191901-17-000001
Insider Transaction Report
Form 4
CADIZ INCCDZI
SHAHEEN TIMOTHY J
DirectorChief Financial Officer
Transactions
- Sale
Common Stock
2017-01-05$12.70/sh−32,000$406,400→ 113,500 total - Gift
Common Stock
2016-08-10−2,000→ 145,500 total - Gift
Common Stock
2016-05-10−5,000→ 147,500 total
Holdings
- 100,000
Restricted Stock Units
→ Common Stock (100,000 underlying) - 100,000
Employee Stock Option (right to buy)
Exercise: $11.50From: 2012-01-14Exp: 2020-01-14→ Common Stock (100,000 underlying)
Footnotes (4)
- [F1]Pursuant to a sales plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Plan"), and in accordance with that certain Lockup Agreement, dated December 1, 2016, delivered by Mr. Shaheen to B. Riley & Co. LLC, 32,000 shares of the Company's common stock (the "Shares") were sold for the account of Mr. Shaheen for the purpose of meeting Mr. Shaheen's tax obligations arising from certain equity awards granted by the Company to Mr. Shaheen. The Shares represent the full amount authorized for sale under the Plan.
- [F2]Previously recorded.
- [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.
Documents
Issuer
CADIZ INC
CIK 0000727273
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000727273
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 6:15 PM ET
- Size
- 11.5 KB