Form 4 for CDZI CADIZ INC
Accepted 2021-08-17 00:00:00 ET · period of report 2021-08-13 · accession 0000923876-21-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-08-17 | 2021-08-13 | CDZI | SPEER STANLEY E | CFO | M - OptEx | $0.00 | +20.1K | 39.5K | +104% | $0 |
| D | 2021-08-17 | 2021-08-13 | CDZI | SPEER STANLEY E | CFO | M - OptEx | $0.00 | -42.5K | 85.0K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-08-13 | M | A | 20,124 | $0.00 | 39,460 | D | — | — | (F1) Represents the vesting of 42,500 previously reported restricted stock units ("RSUs") and the concurrent issuance of a net of 20,124 shares of common stock as a consequence of such vesting, after giving effect to tax withholding as permitted under the approved terms applicable to the grant of the RSUs. |
| 2 | Derivative | Restricted Stock Units | 2021-08-13 | M | D | 42,500 | $0.00 | 85,000 | D | — · — to — | 42,500 Common Stock | (F1) Represents the vesting of 42,500 previously reported restricted stock units ("RSUs") and the concurrent issuance of a net of 20,124 shares of common stock as a consequence of such vesting, after giving effect to tax withholding as permitted under the approved terms applicable to the grant of the RSUs. (F4) The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested. (F2) Each previously reported RSU represents a contingent right to receive one share of Cadiz Inc. common stock. (F3) 42,500 of these RSUs owned following the reported transaction will vest upon the Company's entering into final binding water supply agreements for delivery of at least 9,500 acre-feet per year; and 42,500 of these RSUs will vest on March 1, 2023, subject to the Reporting Person's continuing employment as of such vesting date. |