X0204 3 2011-11-30 0 0000727273 CADIZ INC CDZI 0001439451 Donegan Mark C/O ALTIMA PARTNERS LLP 23 SAVILE ROW, 6TH FLOOR LONDON, UNITED KINGDOM X0 W1S 2ET UNITED KINGDOM 0 0 1 0 Common Stock, par value $0.01 per share 24300 D Common Stock, par value $0.01 per share 746651 I By Altima Global Special Opportunities Fund Common Stock, par value $0.01 per share 500000 I By Altima Global Special Situations Master Fund Common Stock, par value $0.01 per share 227167 I By Altima Services UK Limited Warrant to acquire Common Stock 15 2010-01-19 2012-10-30 Common Stock 48000 I By Altima Global Special Opportunities Fund Warrant to acquire Common Stock 13 2012-02-28 2014-11-30 Common Stock 166667 I By Altima Global Special Situations Master Fund Warrant to acquire Common Stock 13 2012-02-28 2014-11-30 Common Stock 55556 I By Altima Services UK Limited The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. /s/ Mark Donegan 2011-12-09