X0306 4 2014-07-01 0 0000727273 CADIZ INC CDZI 0000923876 BRACKPOOL KEITH 550 SOUTH HOPE STREET SUITE 2850 LOS ANGELES CA 90071 1 0 0 0 Common Stock 2014-07-01 4 A 0 100000 0 A 347436 D Employee Stock Options (right to buy) 12 2005-05-04 4 A 0 100000 0 A 2006-10-01 2015-05-04 Common Stock 100000 100000 D Employee Stock Options (right to buy) 11.5 2010-01-14 4 A 0 200000 0 A 2012-01-14 2020-01-14 Common Stock 200000 300000 D Restricted Stock Units 2014-07-01 4 A 0 100000 0 A Common Stock 100000 100000 D Represents the shares of common stock underlying a like number of restricted stock units granted to the Reporting Person on July 1, 2014. These restricted stock units shall vest ratably in ten equal quarterly installments on the final day of every quarter over the 30 month period commencing July 1, 2014, subject to the Reporting Person's continuing employment as of each such vesting date. The Reporting Person disclaims beneficial ownership of 100,000 of these securities until such time, and the extent, that ownership of the securities has vested. Perviously reported. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Cadiz Inc. common stock. The 100,000 RSUs will vest once construction financing necessary for the implementation of the Cadiz Valley Water Conservation, Recovery and Storage Project, as defined in the approved Final Environmental Impact Report, is secured. These RSUs were granted on July 1, 2014, and will expire on Jun 10, 2017, if the milestone has not been achieved by such date. Keith Brackpool 2014-07-03