0001191901-17-000001.txt : 20170106 0001191901-17-000001.hdr.sgml : 20170106 20170106181511 ACCESSION NUMBER: 0001191901-17-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160510 FILED AS OF DATE: 20170106 DATE AS OF CHANGE: 20170106 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CADIZ INC CENTRAL INDEX KEY: 0000727273 STANDARD INDUSTRIAL CLASSIFICATION: WATER SUPPLY [4941] IRS NUMBER: 770313235 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 550 SOUTH HOPE STREET STREET 2: SUITE 2850 CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-271-1600 MAIL ADDRESS: STREET 1: 550 SOUTH HOPE STREET STREET 2: SUITE 2850 CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: CADIZ LAND CO INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC AGRICULTURAL HOLDINGS INC DATE OF NAME CHANGE: 19920602 FORMER COMPANY: FORMER CONFORMED NAME: ARIDTECH INC DATE OF NAME CHANGE: 19880523 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SHAHEEN TIMOTHY J CENTRAL INDEX KEY: 0001191901 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-12114 FILM NUMBER: 17515404 MAIL ADDRESS: STREET 1: 550 SOUTH HOPE STREET STREET 2: STE 2850 CITY: LOS ANGELES STATE: CA ZIP: 90071 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2016-05-10 0 0000727273 CADIZ INC CDZI 0001191901 SHAHEEN TIMOTHY J 550 SOUTH HOPE STREET STE 2850 LOS ANGELES CA 90071 1 1 0 0 CFO Common Stock 2016-05-10 5 G 0 E 5000 0 D 147500 D Common Stock 2016-08-10 5 G 0 E 2000 0 D 145500 D Common Stock 2017-01-05 4 S 0 32000 12.7 D 113500 D Employee Stock Option (right to buy) 11.5 2012-01-14 2020-01-14 Common Stock 100000 100000 D Restricted Stock Units Common Stock 100000 100000 D 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. Previously recorded. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock. 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. Timothy J. Shaheen 2017-01-06