Susan P. Kennedy - Dec 14, 2022 Form 4/A - Amendment Insider Report for CADIZ INC (CDZI)

Role
Director
Signature
Susan P. Kennedy
Stock symbol
CDZI
Transactions as of
Dec 14, 2022
Transactions value $
$50,000
Form type
4/A - Amendment
Date filed
6/26/2023, 06:51 PM
Date Of Original Report
Dec 14, 2022
Previous filing
Dec 13, 2022
Next filing
Apr 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDZI Common Stock Purchase $50K +20K +26.33% $2.50 96K Dec 14, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CDZI Performance Rights 450K Dec 14, 2022 Common Stock 450K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 14, 2022, the Reporting Person mistakenly filed a Form 4 reporting a purchase of 15,512 shares of common stock. The actual number of shares purchased was 20,000. This amendment is being filed in order to correct the number of shares purchased and the amount of shares beneficially owned by the Reporting Person following such purchase.
F2 Previously reported.
F3 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.
F4 The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.