SEC Form 4 · accession 0001191901-17-000003
CADIZ INC · CDZI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Shaheen
Officer — CFO · Director
Period of report
May 18, 2017
Accepted (ET)
Jun 22, 2017 · 2:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000727273
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 18, 2017 | G | 5,000 | $0.00 | D | 108,500 | D | |
| Common StockF1 | Jun 7, 2017 | M | 100,000 | $0.00 | A | 208,500 | D | |
| Common StockF2 | Jun 21, 2017 | S | 50,000 | $13.00 | D | 158,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4 | — | Jun 7, 2017 | M | 100,000 | D | — | — | Common Stock | 100,000 | 0 | D |
| Employee Stock Option (right to buy)F3 | $11.50 | holding | — | — | — | Jan 14, 2012 | Jan 14, 2020 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Represents vesting of 100,000 previously reported restricted stock units ("RSUs").
- F2Sold by the Reporting Person for the purpose of meeting tax obligations arising from the vesting of RSUs as described in Footnote 1 above.
- F3Previously reported.
- F4Each previously reported RSU represented a contingent right to receive one share of Cadiz Inc. common stock, with right vested June 7, 2017.