4//SEC Filing
Kennedy Susan P 4
Accession 0001854939-22-000002
CIK 0000727273other
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 12:42 PM ET
Size
7.0 KB
Accession
0001854939-22-000002
Insider Transaction Report
Form 4
CADIZ INCCDZI
Kennedy Susan P
DirectorCEO
Transactions
- Purchase
Common Stock
2022-12-14$2.50/sh+15,512$38,780→ 91,462 total
Holdings
- 450,000
Performance Rights
Exp: 2027-02-04→ Common Stock (450,000 underlying)
Footnotes (3)
- [F1]Previously reported.
- [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 13, 7:00 PM ET
- Accepted
- Dec 14, 12:42 PM ET
- Size
- 7.0 KB