X0306 4 2017-01-05 0 0000727273 CADIZ INC CDZI 0000923876 BRACKPOOL KEITH 550 SOUTH HOPE STREET SUITE 2850 LOS ANGELES CA 90071 1 0 0 0 Common Stock 2017-01-05 4 S 0 50000 12.7 D 185000 D Employee Stock Options (right to buy) 11.5 2012-01-14 2020-01-14 Common Stock 200000 200000 D Restricted Stock Units Common Stock 100000 100000 D Pursuant to a sales plan established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Plan"), and in accordance with that certain Lockup Agreement, dated December 1, 2016, delivered by Mr. Brackpool to B. Riley & Co. LLC, 50,000 shares of the Company's common stock (the "Shares") were sold for the account of Mr. Brackpool for the purpose of meeting Mr. Brackpool's tax obligations arising from certain equity awards granted by the Company to Mr. Brackpool. The Shares represent the full amount authorized for sale under the Plan. Previously 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 June 10, 2017, if the milestone has not been achieved by such date. Keith Brackpool 2017-01-06