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LC CAPITAL PARTNERS LP 4

Accession 0001209191-09-051528

CIK 0000727273other
View on SEC.govCompany Profile

Filed

Nov 5, 7:00 PM ET

Accepted

Nov 6, 8:57 PM ET

Size

43.9 KB

Accession

0001209191-09-051528

Insider Transaction Report

Form 4
Period: 2009-10-30
CADIZ INCCDZI
LC CAPITAL MASTER FUND LTD
Director10% OwnerOther
Transactions
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total(indirect: See Footnotes)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total(indirect: See Footnotes)
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total(indirect: See Footnotes)
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−0→ 11,105 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total
  • Other

    See footnote

    2009-10-30−388,675→ 11,105 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
LC CAPITAL PARTNERS LP
Director10% OwnerOther
Transactions
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total(indirect: See Footnotes)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total(indirect: See Footnotes)
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total(indirect: See Footnotes)
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−388,675→ 11,105 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
  • Other

    See footnote

    2009-10-30−0→ 11,105 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
LC Capital Advisors LLC
Director10% OwnerOther
Transactions
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total(indirect: See Footnotes)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total(indirect: See Footnotes)
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total(indirect: See Footnotes)
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−0→ 11,105 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−388,675→ 11,105 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
LC Capital International LLC
Director10% OwnerOther
Transactions
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total(indirect: See Footnotes)
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total(indirect: See Footnotes)
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total(indirect: See Footnotes)
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total(indirect: See Footnotes)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−0→ 11,105 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
  • Other

    See footnote

    2009-10-30−388,675→ 11,105 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
LAMPE STEVEN
Director10% OwnerOther
Transactions
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total(indirect: See Footnotes)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total(indirect: See Footnotes)
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−0→ 11,105 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Other

    See footnote

    2009-10-30−388,675→ 11,105 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total(indirect: See Footnotes)
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total(indirect: See Footnotes)
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total
CONWAY RICHARD F
Director10% OwnerOther
Transactions
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total(indirect: See Footnotes)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total(indirect: See Footnotes)
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total(indirect: See Footnotes)
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−388,675→ 11,105 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total
  • Other

    See footnote

    2009-10-30−0→ 11,105 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
LAMPE, CONWAY & CO. LLC
Director10% OwnerOther
Transactions
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total(indirect: See Footnotes)
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−388,675→ 11,105 total
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
  • Purchase

    Common Stock

    2009-10-30+62,640→ 855,492 total(indirect: See Footnotes)
  • Conversion

    Common Stock

    2009-10-30$7.00/sh+585,000$4,095,000→ 1,440,492 total
  • Conversion

    Common Stock

    2009-10-30$35.00/sh+993,533$34,773,655→ 2,434,025 total
  • Purchase

    Common Stock Warrants (right to buy)

    2009-10-28+20,880→ 20,880 total(indirect: See Footnotes)
    Exercise: $15.00From: 2010-01-27Exp: 2012-10-28→ Common Stock, par value $0.01 per share (20,880 underlying)
  • Conversion

    Convertible Term Loan, Tranche A-1

    2009-10-30−4,095,000→ 0 total(indirect: See Footnotes)
    Exercise: $7.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (585,000 underlying)
  • Conversion

    Convertible Term Loan, Tranches A-2 and B

    2009-10-30−34,773,665→ 0 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (993,533 underlying)
  • Other

    See footnote

    2009-10-30−0→ 11,105 total(indirect: See Footnotes)
    Exercise: $35.00Exp: 2013-06-30→ Common Stock, par value $0.01 per share (11,105 underlying)
Footnotes (8)
  • [F1]The reported securities are included within 20,880 Units purchased by LC Capital Master Fund, Ltd. ("Master Fund") for $31.50 per Unit. Each Unit consists of three shares of common stock and one warrant, each of which entitles the holder to purchase one share of common stock.
  • [F2]The Convertible Term Loan, which is comprised of Tranche A-1, Tranche A-2 and Tranche B, 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.
  • [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.
  • [F7]Interest of the Term Loan (the Tranche A-2 and Tranche B Loans), convertible into shares of Common Stock at a conversion price of $35 per share, that will have accrued within 60 days of October 30, 2009.
  • [F8]Convertible Term Loan, Interest accrued within 60 days of 10/30/2009.

Documents

1 file

Issuer

CADIZ INC

CIK 0000727273

→
Entity typeother
IncorporatedDE

Related Parties

1
  • filerCIK 0001175214

Filing Metadata

Form type
4
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 8:57 PM ET
Size
43.9 KB
View on SEC.gov