4//SEC Filing
Kennedy Susan P 4
Accession 0001854939-22-000001
CIK 0000727273other
Filed
Dec 12, 7:00 PM ET
Accepted
Dec 13, 1:35 PM ET
Size
8.2 KB
Accession
0001854939-22-000001
Insider Transaction Report
Form 4
CADIZ INCCDZI
Kennedy Susan P
DirectorCEO
Transactions
- Purchase
Common Stock
2022-12-13$2.22/sh+75,000$166,500→ 75,950 total - Award
Performance Rights
2022-02-04+450,000→ 450,000 totalExp: 2027-02-04→ Common Stock (450,000 underlying)
Footnotes (3)
- [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.
- [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.
- [F3]The Reporting Person disclaims beneficial ownership of these securities until such time, and to the extent, that ownership of these securities has vested.
Documents
Issuer
CADIZ INC
CIK 0000727273
Entity typeother
Related Parties
1- filerCIK 0001854939
Filing Metadata
- Form type
- 4
- Filed
- Dec 12, 7:00 PM ET
- Accepted
- Dec 13, 1:35 PM ET
- Size
- 8.2 KB