CDZI

SEC source: 0001191901-18-000002 · primary_doc.xml · nonDerivative · entry 1

BRACKPOOL KEITH · CIK 0000923876 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 285,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Represents vesting of 100,000 previously reported restricted stock units ("RSUs").

SEC source: 0001191901-17-000003 · primary_doc.xml · nonDerivative · entry 1

SHAHEEN TIMOTHY J · CIK 0001191901 · Director · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 108,500

SEC source: 0001189957-17-000002 · primary_doc.xml · nonDerivative · entry 1

Nevins Richard · CIK 0001408441 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,391

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning April 1, 2017.

SEC source: 0001189957-17-000001 · primary_doc.xml · nonDerivative · entry 1

HUTCHISON MURRAY H · CIK 0001189957 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 43,432

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning April 1, 2017.

SEC source: 0001238663-17-000001 · primary_doc.xml · nonDerivative · entry 1

Grant Geoffrey T · CIK 0001387874 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 137,720

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning April 1, 2017.

SEC source: 0001144204-17-012984 · v461208_form-4.xml · nonDerivative · entry 1

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,958,621

F1 · kind: Cadiz Inc. (the "Company") issued the 961 shares of common stock of the Company subject to this Form 4 (the "Shares") to WPI-Cadiz Farm CA, LLC ("WPI-Cadiz Farm"), an affiliate of the Reporting Person, pursuant to that certain Interest Share Issuance Agreement, dated as of March 3, 2017, by and between the Company and WPI-Cadiz Farm.

F2 · kind: The Shares were issued, at the Company's election, as payment of the accrued but unpaid interest due and owing as of March 5, 2017 under that certain Fifth Amendment to Amended and Restated Credit Agreement, dated as of November 29, 2016 (the "Fifth Amendment Effective Date"), by and among the Company, as a borrower, Cadiz Real Estate LLC ("CRE"), as a borrower, WPI-Cadiz Farm, as a lender, the other lenders party thereto, and Wells Fargo Bank, National Association, as agent (the "Agent"), which amended that certain Amended and Restated Credit Agreement (as further amended prior to the Fifth Amendment Effective Date, and as subsequently amended from time to time) attached to that certain Amendment Agreement, dated as of October 30, 2013, by and among the Company, CRE, LC Capital Master Fund, Ltd., the lenders party thereto, and the Agent.

F3 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001191901-17-000002 · primary_doc.xml · nonDerivative · entry 1

BRACKPOOL KEITH · CIK 0000923876 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 185,000

F1 · shares: 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.

SEC source: 0001191901-17-000001 · primary_doc.xml · nonDerivative · entry 3

SHAHEEN TIMOTHY J · CIK 0001191901 · Director · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 113,500

F1 · shares: 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. Shaheen to B. Riley & Co. LLC, 32,000 shares of the Company's common stock (the "Shares") were sold for the account of Mr. Shaheen for the purpose of meeting Mr. Shaheen's tax obligations arising from certain equity awards granted by the Company to Mr. Shaheen. The Shares represent the full amount authorized for sale under the Plan.

SEC source: 0000727273-17-000004 · primary_doc.xml · nonDerivative · entry 1

Nevins Richard · CIK 0001408441 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,905

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning January 1, 2017.

SEC source: 0000727273-17-000003 · primary_doc.xml · nonDerivative · entry 1

Hickox Winston H · CIK 0001299311 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,743

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning January 1, 2017.

F2 · balance_after: Includes 3,473 shares allocated to the Reporting Person under the 2014 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2016, which shares will vest on January 31, 2017.

SEC source: 0000727273-17-000002 · primary_doc.xml · nonDerivative · entry 1

HUTCHISON MURRAY H · CIK 0001189957 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,946

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning January 1, 2017.

F2 · balance_after: Includes 3,473 shares allocated to the Reporting Person under the 2014 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2016, which shares will vest on January 31, 2017.

SEC source: 0000727273-17-000001 · primary_doc.xml · nonDerivative · entry 1

Grant Geoffrey T · CIK 0001387874 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 137,234

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning January 1, 2017.

F2 · balance_after: Includes 3,473 shares allocated to the Reporting Person under the 2014 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2016, which shares will vest on January 31, 2017.

SEC source: 0001144204-17-000010 · v456042_4.xml · nonDerivative · entry 2

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,957,660

F1 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-17-000010 · v456042_4.xml · nonDerivative · entry 1

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,937,660

F1 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-141734 · v455924_4.xml · nonDerivative · entry 3

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,922,660

F1 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-141734 · v455924_4.xml · nonDerivative · entry 2

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,910,460

F1 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-141734 · v455924_4.xml · nonDerivative · entry 1

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,870,460

F1 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-141265 · v455700_4.xml · nonDerivative · entry 2

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,850,460

F1 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-141265 · v455700_4.xml · nonDerivative · entry 1

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,825,039

F1 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-140661 · v455514_4.xml · nonDerivative · entry 4

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,747,846

F2 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-140661 · v455514_4.xml · nonDerivative · entry 3

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,730,646

F2 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-140661 · v455514_4.xml · nonDerivative · entry 2

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,674,046

F1 · shares: The shares of common stock and warrants to purchase shares of common stock were issued in connection with that certain Fifth Amendment to the Amended and Restated Credit Agreement, dated as of November 29, 2016 (the "5th Amendment Effective Date"), by and among Cadiz, Inc. and Cadiz Real Estate LLC, as borrowers, WPI-Cadiz Farm CA, LLC, an affiliate of the Reporting Person, as a lender, the other lenders party thereto, and Wells Fargo Bank, National Association, as agent (the "Agent"), which amended that certain Amended and Restated Credit Agreement (as amended through the 5th Amendment Effective Date, the "Credit Agreement") attached to that certain Amendment Agreement, dated as of October 30, 2013, by and among Cadiz, Inc., Cadiz Real Estate LLC, LC Capital Master Fund, Ltd., the lenders party thereto and the Agent.

F1 · price: The shares of common stock and warrants to purchase shares of common stock were issued in connection with that certain Fifth Amendment to the Amended and Restated Credit Agreement, dated as of November 29, 2016 (the "5th Amendment Effective Date"), by and among Cadiz, Inc. and Cadiz Real Estate LLC, as borrowers, WPI-Cadiz Farm CA, LLC, an affiliate of the Reporting Person, as a lender, the other lenders party thereto, and Wells Fargo Bank, National Association, as agent (the "Agent"), which amended that certain Amended and Restated Credit Agreement (as amended through the 5th Amendment Effective Date, the "Credit Agreement") attached to that certain Amendment Agreement, dated as of October 30, 2013, by and among Cadiz, Inc., Cadiz Real Estate LLC, LC Capital Master Fund, Ltd., the lenders party thereto and the Agent.

F2 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-140661 · v455514_4.xml · derivative · entry 5

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 11,561

Underlying: Common Stock · 11,561 shares

Expires not disclosed

F1 · price: The shares of common stock and warrants to purchase shares of common stock were issued in connection with that certain Fifth Amendment to the Amended and Restated Credit Agreement, dated as of November 29, 2016 (the "5th Amendment Effective Date"), by and among Cadiz, Inc. and Cadiz Real Estate LLC, as borrowers, WPI-Cadiz Farm CA, LLC, an affiliate of the Reporting Person, as a lender, the other lenders party thereto, and Wells Fargo Bank, National Association, as agent (the "Agent"), which amended that certain Amended and Restated Credit Agreement (as amended through the 5th Amendment Effective Date, the "Credit Agreement") attached to that certain Amendment Agreement, dated as of October 30, 2013, by and among Cadiz, Inc., Cadiz Real Estate LLC, LC Capital Master Fund, Ltd., the lenders party thereto and the Agent.

F3 · derivative.exercise_date: Warrant is exercisable commencing on the 180th day following the 5th Amendment Effective Date if any principal or interest amounts are then-outstanding under the Credit Agreement (the "Initial Exercise Date"). Warrant expires on November 29, 2021, subject to extension in certain circumstances in accordance with the terms of the Warrant; provided, however, if no principal and interest are outstanding under the Credit Agreement on the Initial Exercise Date, the Warrant shall expire on the Initial Exercise Date.

F3 · derivative.expiration_date: Warrant is exercisable commencing on the 180th day following the 5th Amendment Effective Date if any principal or interest amounts are then-outstanding under the Credit Agreement (the "Initial Exercise Date"). Warrant expires on November 29, 2021, subject to extension in certain circumstances in accordance with the terms of the Warrant; provided, however, if no principal and interest are outstanding under the Credit Agreement on the Initial Exercise Date, the Warrant shall expire on the Initial Exercise Date.

F2 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001144204-16-140661 · v455514_4.xml · nonDerivative · entry 1

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,672,551

F1 · shares: The shares of common stock and warrants to purchase shares of common stock were issued in connection with that certain Fifth Amendment to the Amended and Restated Credit Agreement, dated as of November 29, 2016 (the "5th Amendment Effective Date"), by and among Cadiz, Inc. and Cadiz Real Estate LLC, as borrowers, WPI-Cadiz Farm CA, LLC, an affiliate of the Reporting Person, as a lender, the other lenders party thereto, and Wells Fargo Bank, National Association, as agent (the "Agent"), which amended that certain Amended and Restated Credit Agreement (as amended through the 5th Amendment Effective Date, the "Credit Agreement") attached to that certain Amendment Agreement, dated as of October 30, 2013, by and among Cadiz, Inc., Cadiz Real Estate LLC, LC Capital Master Fund, Ltd., the lenders party thereto and the Agent.

F1 · price: The shares of common stock and warrants to purchase shares of common stock were issued in connection with that certain Fifth Amendment to the Amended and Restated Credit Agreement, dated as of November 29, 2016 (the "5th Amendment Effective Date"), by and among Cadiz, Inc. and Cadiz Real Estate LLC, as borrowers, WPI-Cadiz Farm CA, LLC, an affiliate of the Reporting Person, as a lender, the other lenders party thereto, and Wells Fargo Bank, National Association, as agent (the "Agent"), which amended that certain Amended and Restated Credit Agreement (as amended through the 5th Amendment Effective Date, the "Credit Agreement") attached to that certain Amendment Agreement, dated as of October 30, 2013, by and among Cadiz, Inc., Cadiz Real Estate LLC, LC Capital Master Fund, Ltd., the lenders party thereto and the Agent.

F2 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0001238663-16-000001 · primary_doc.xml · nonDerivative · entry 2

Hickox Winston H · CIK 0001299311 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 35,000

SEC source: 0001238663-16-000001 · primary_doc.xml · nonDerivative · entry 1

Hickox Winston H · CIK 0001299311 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 33,000

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $9.0255 to $9.05. The Reporting Person undertakes to provide Cadiz Inc., any security holders of Cadiz Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote.

SEC source: 0001189957-16-000016 · primary_doc.xml · nonDerivative · entry 2

Hickox Winston H · CIK 0001299311 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 30,000

F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $8.945 to $8.95. The Reporting Person undertakes to provide Cadiz Inc., any security holders of Cadiz Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote.

SEC source: 0001189957-16-000016 · primary_doc.xml · nonDerivative · entry 1

Hickox Winston H · CIK 0001299311 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Spouse

Disclosed balance after: 15,500

SEC source: 0001144204-16-133707 · v452849_4.xml · nonDerivative · entry 1

Water Asset Management LLC · CIK 0001423875 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 2,660,990

F1 · ownership.nature: The securities reported herein are directly held by investment funds and/or managed accounts for which the Reporting Person serves as investment manager. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of its pecuniary interest therein.

SEC source: 0000923876-16-000007 · primary_doc.xml · nonDerivative · entry 1

Nevins Richard · CIK 0001408441 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,295

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning October 1, 2016.

F2 · balance_after: Includes 3,473 shares allocated to the Reporting Person under the 2014 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2016, which shares will vest on January 31, 2017.

SEC source: 0000923876-16-000006 · primary_doc.xml · nonDerivative · entry 1

HUTCHISON MURRAY H · CIK 0001189957 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,336

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning October 1, 2016.

F2 · balance_after: Includes 3,473 shares allocated to the Reporting Person under the 2014 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2016, which shares will vest on January 31, 2017.

SEC source: 0000923876-16-000005 · primary_doc.xml · nonDerivative · entry 1

Grant Geoffrey T · CIK 0001387874 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 136,624

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning October 1, 2016.

F2 · balance_after: Includes 3,473 shares allocated to the Reporting Person under the 2014 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2016, which shares will vest on January 31, 2017.

SEC source: 0000923876-16-000004 · primary_doc.xml · nonDerivative · entry 1

Hickox Winston H · CIK 0001299311 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,133

F1 · shares: These shares were allocated to the Reporting Person under the 2014 Equity Incentive Plan in lieu of cash compensation for services rendered by the Reporting Person as a director of the Issuer for the 3-month period beginning October 1, 2016.

F2 · balance_after: Includes 3,473 shares allocated to the Reporting Person under the 2014 Equity Incentive Plan for services rendered by the Reporting Person as a director of the Issuer for the 12-month period ended June 30, 2016, which shares will vest on January 31, 2017.

SEC source: 0001191901-17-000001 · primary_doc.xml · nonDerivative · entry 2

SHAHEEN TIMOTHY J · CIK 0001191901 · Director · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 145,500

SEC source: 0001191901-17-000001 · primary_doc.xml · nonDerivative · entry 1

SHAHEEN TIMOTHY J · CIK 0001191901 · Director · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 147,500

SEC source: 0000950103-06-000264 · feb0606_4cadizex.xml · nonDerivative · entry 1

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,102,481

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: Additional short swing profit liability resulting from the transaction reported in this Form 4 has been calculated as $113,029.70 and has been disgorged to the issuer pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000241 · feb0206_4cadizex.xml · nonDerivative · entry 1

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,502,481

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: Additional short swing profit liability resulting from the transaction reported in this Form 4 has been calculated as $122,237.50 and has been disgorged to the issuer pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 12

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,527,481

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 11

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,527,281

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 10

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,527,117

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 9

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,526,490

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 8

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,526,110

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 7

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,523,710

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 6

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,523,095

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 5

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,521,895

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 4

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,521,415

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 3

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,519,920

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 2

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,514,920

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000173 · jan2506_4cadiz-5ex.xml · nonDerivative · entry 1

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,506,600

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.

SEC source: 0000950103-06-000172 · jan2506_4cadiz-4ex.xml · nonDerivative · entry 30

MORGAN STANLEY · CIK 0000895421 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,504,600

F1 · security: This Form 4 is being filed by more than one reporting person. Morgan Stanley & Co. International Limited is a wholly owned subsidiary of Morgan Stanley. All shares held directly by Morgan Stanley & Co. International Limited are held indirectly by Morgan Stanley.

F2 · security: The reporting persons have disgorged to the issuer $114,358.20 in short-swing profits as a consequence of the transactions reported on the Form 4s dated 1/25/2006 pursuant to section 16(b) of the Exchange Act of 1934.