Form 4 for CDZI CADIZ INC
Accepted 2022-12-13 00:00:00 ET · period of report 2022-12-13 · accession 0001854939-22-000001 · 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 | 2022-12-13 | 2022-12-13 | CDZI | Kennedy Susan P | Dir | P - Purchase | $2.22 | +75.0K | 76.0K | +7,895% | +$166.5K |
| D | 2022-12-13 | 2022-02-04 | CDZI | Kennedy Susan P | Dir | A - Grant | $0.00 | +450.0K | 450.0K | New | $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 | 2022-12-13 | P | A | 75,000 | $2.22 | 75,950 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $2.19 to $2.22. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
| 2 | Derivative | Performance Rights | 2022-02-04 | A | A | 450,000 | $0.00 | 450,000 | D | — · — to 2027-02-04 | 450,000 Common Stock | (F3) 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 performance right represents a contingent right to receive one share of the Issuer's common stock. 200,000 of the performance rights vest upon the Issuer's common stock achieving a market price of $7 per share; 150,000 vest upon the Issuer's common stock achieving a market price of $9 per share; 50,000 vest upon the Issuer's common stock achieving a market price of $11 per share, and 50,000 vest upon the Issuer's common stock achieving a market price of $13 per share. Performance rights are payable in the form of either cash or common stock registered under a stockholder approved equity incentive plan under which a sufficient number of shares of common stock then remains available for issuance. |