Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Donegan Mark
 2. Date of Event Requiring Statement (Month/Day/Year)
11/30/2011		 3. Issuer Name and Ticker or Trading Symbol
CADIZ INC [CDZI]
(Last)
(First)
(Middle)
C/O ALTIMA PARTNERS LLP, 23 SAVILE ROW, 6TH FLOOR		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

LONDON, UNITED KINGDOM, X0 W1S 2ET		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share 24,300
D
 
Common Stock, par value $0.01 per share 746,651
I (1)
By Altima Global Special Opportunities Fund
Common Stock, par value $0.01 per share 500,000
I (1)
By Altima Global Special Situations Master Fund
Common Stock, par value $0.01 per share 201,467
I (1)
By Altima Services UK Limited

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant to acquire Common Stock 01/19/2010 10/30/2012 Common Stock 48,000 $ 15 I (1) By Altima Global Special Opportunities Fund
Warrant to acquire Common Stock 02/28/2012 11/30/2014 Common Stock 166,667 $ 13 I (1) By Altima Global Special Situations Master Fund
Warrant to acquire Common Stock 02/28/2012 11/30/2014 Common Stock 55,556 $ 13 I (1) By Altima Services UK Limited

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Donegan Mark
C/O ALTIMA PARTNERS LLP
23 SAVILE ROW, 6TH FLOOR
LONDON, UNITED KINGDOM, X0 W1S 2ET		     X    

Signatures

/s/ Mark Donegan 05/08/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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