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LC CAPITAL PARTNERS LP 4

Accession 0001209191-09-031360

CIK 0000727273other
View on SEC.govCompany Profile

Filed

Jun 8, 8:00 PM ET

Accepted

Jun 9, 3:45 PM ET

Size

33.0 KB

Accession

0001209191-09-031360

Insider Transaction Report

Form 4
Period: 2009-06-04
CADIZ INCCDZI
LC CAPITAL PARTNERS LP
Director10% OwnerOther
Transactions
  • Purchase

    Convertible Term Loan, Tranche A-1

    2009-06-04→ 585,000 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Expiration (Short)

    Convertible Term Loan, Tranche A

    2009-06-04→ 0 total
    Exercise: $18.15Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Expiration (Short)

    Convertible Term Loan, Tranche B

    2009-06-04→ 0 total
    Exercise: $23.10Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche B

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-2

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
Holdings

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000
LC Capital International LLC
Director10% OwnerOther
Transactions
  • Expiration (Short)

    Convertible Term Loan, Tranche B

    2009-06-04→ 0 total
    Exercise: $23.10Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche B

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-1

    2009-06-04→ 585,000 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Expiration (Short)

    Convertible Term Loan, Tranche A

    2009-06-04→ 0 total
    Exercise: $18.15Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-2

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
Holdings

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000
LAMPE STEVEN
Director10% OwnerOther
Transactions
  • Expiration (Short)

    Convertible Term Loan, Tranche A

    2009-06-04→ 0 total
    Exercise: $18.15Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-1

    2009-06-04→ 585,000 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Expiration (Short)

    Convertible Term Loan, Tranche B

    2009-06-04→ 0 total
    Exercise: $23.10Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-2

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche B

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
Holdings

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000
CONWAY RICHARD F
Director10% OwnerOther
Transactions
  • Purchase

    Convertible Term Loan, Tranche A-2

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-1

    2009-06-04→ 585,000 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Expiration (Short)

    Convertible Term Loan, Tranche B

    2009-06-04→ 0 total
    Exercise: $23.10Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche B

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Expiration (Short)

    Convertible Term Loan, Tranche A

    2009-06-04→ 0 total
    Exercise: $18.15Exp: 2011-06-30→ Common Stock, par value $0.01 per share
Holdings

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000
LC CAPITAL MASTER FUND LTD
Director10% OwnerOther
Transactions
  • Expiration (Short)

    Convertible Term Loan, Tranche A

    2009-06-04→ 0 total
    Exercise: $18.15Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-1

    2009-06-04→ 585,000 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Purchase

    Convertible Term Loan, Tranche A-2

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche B

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Expiration (Short)

    Convertible Term Loan, Tranche B

    2009-06-04→ 0 total
    Exercise: $23.10Exp: 2011-06-30→ Common Stock, par value $0.01 per share
Holdings

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000
LC Capital Advisors LLC
Director10% OwnerOther
Transactions
  • Expiration (Short)

    Convertible Term Loan, Tranche B

    2009-06-04→ 0 total
    Exercise: $23.10Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Expiration (Short)

    Convertible Term Loan, Tranche A

    2009-06-04→ 0 total
    Exercise: $18.15Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-2

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-1

    2009-06-04→ 585,000 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Purchase

    Convertible Term Loan, Tranche B

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
Holdings

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000
LAMPE, CONWAY & CO. LLC
Director10% OwnerOther
Transactions
  • Purchase

    Convertible Term Loan, Tranche B

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-1

    2009-06-04→ 585,000 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Expiration (Short)

    Convertible Term Loan, Tranche A

    2009-06-04→ 0 total
    Exercise: $18.15Exp: 2011-06-30→ Common Stock, par value $0.01 per share
  • Purchase

    Convertible Term Loan, Tranche A-2

    2009-06-04
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share
  • Expiration (Short)

    Convertible Term Loan, Tranche B

    2009-06-04→ 0 total
    Exercise: $23.10Exp: 2011-06-30→ Common Stock, par value $0.01 per share
Holdings

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000

  • Common Stock Warrants (right to buy)

    (indirect: See Footnotes)
    Exercise: $12.50From: 2009-02-15Exp: 2009-11-17→ Common Stock, par value $0.01 per share (96,000 underlying)
    96,000
Footnotes (6)
  • [F1]The Convertible Term Loan, which was comprised of Tranche A and Tranche B and is now comprised of Tranche A-1, Tranche A-2 and Tranche B, provided/provides Master Fund, as lender thereunder, the right, at the election of Master Fund, at any time from time to time, to convert the initial principal amount of Tranche A-1 and the accreted principal amount of Tranche A, Tranche A-2 and Tranche B of the Term Loan into Common Stock.
  • [F2]These transactions involved the amendment of an outstanding Convertible Term Loan, which has been retranched such that it is now comprised of Tranche A-1, Tranche A-2 and Tranche B and no longer is comprised of Tranche A and Tranche B. As part of the retranching, the conversion price has been changed for the Tranches. The amendment is reported above as the cancellation of the "old" Convertible Term Loan and the acquisition of a new one.
  • [F3]These securities are owned by Master Fund, which is a Reporting Person.
  • [F4]These securities also may be deemed to be beneficially owned by LC Capital Partners, LP ("Partners"), LC Capital Advisors LLC ("Advisors"), LC&C, LC Capital International LLC ("International"), Steven G. Lampe ("Mr. Lampe") and Richard F. Conway ("Mr. Conway") by virtue of the following relationships: (i) Partners' beneficially owns one-third of the outstanding shares of the Master Fund; (ii) Advisors is the sole general partner of Partners; (iii) LC&C acts as investment manager to Partners and the Master Fund pursuant to certain investment management agreements, and as a result of such agreements, LC&C shares voting and dispositive power over the reported securities; (iv) International acts as investment advisor to the Master Fund pursuant to an investment advisory agreement and, as a result, International shares voting and dispositive power over the reported securities; and (v) Mr. Lampe and Mr. Conway act as the sole managing members of each of Advisors, LC&C and International.
  • [F5]Each reporting person disclaims beneficial ownership of the securities reported on this Form 4 except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that any such reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  • [F6]The convertible feature would allow the principal and all accreted and accreting interest of the Term Loan (the Tranche A-2 and Tranche B Loans) to be converted into shares of Common Stock at a conversion price of $35 per share.

Documents

1 file

Issuer

CADIZ INC

CIK 0000727273

→
Entity typeother
IncorporatedDE

Related Parties

1
  • filerCIK 0001175214

Filing Metadata

Form type
4
Filed
Jun 8, 8:00 PM ET
Accepted
Jun 9, 3:45 PM ET
Size
33.0 KB
View on SEC.gov