SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)*
Cadiz Inc.
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(Name of Issuer)
Common Stock, $0.01 Par Value
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(Title of Class of Securities)
127537207
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(CUSIP Number)
November 19, 2003
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(Date of Event which Requires
Filing of this Statement)
Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
[ ] Rule 13d-1(b)
{x} Rule 13d-1(c)
[ ] Rule 13d-1(d)
Page 1 of 5
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13G
CUSIP NO. 127537207 PAGE 2 OF 5
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lloyd I. Miller, III 279-42-7925
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
300,000
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 201,400
OWNED BY ----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 100,000
WITH ----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
401,400
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
501,400
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.6%(1)
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12 TYPE OF REPORTING PERSON
IN-IA-OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Based on 6,612,665 outstanding shares as confirmed via email on May 13,
2004 by Courtney Degener, Investor Relations, Cadiz Inc.
PAGE 3 OF 5
Item 1(a). Name of Issuer: Cadiz Inc.
Item 1(b). Address of Issuers's Principal Executive Offices:
100 Wilshire Boulevard, Suite 1600
Santa Monica, CA 90401-1111
Item 2(a). Name of Person Filing: Lloyd I. Miller, III
Item 2(b). Address of Principal Business Office or, if None, Residence:
4550 Gordon Drive,
Naples, Florida 34102
Item 2(c). Citizenship: U.S.A.
Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value
Item 2(e). CUSIP Number: 127537207
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b) or
(c), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable, this statement is filed pursuant to Rule 13d-1(c).
Item 4. OWNERSHIP: The Reporting Person: (a) shares voting power
with respect to 201,400 of the reported securities as an investment
advisor to the trustee of certain family trusts and; (b) shares
dispositive power with respect to 401,400 of the reported securities
as the trustee to a certain grantor retained annuity trust and as an
investment advisor to the trustee of certain family trusts. The
Reporting Person has sole dispositive power with respect to 100,000
of the reported securities as the manager of a limited liability
company that is the general partner of a certain limited
partnership. The Reporting Person has sole voting power with respect
to 300,000 of the reported securities as a trustee to a certain
grantor retained annuity trust and as the manager of a limited
liability company that is the general partner of a certain limited
partnership.
(a) 501,400
(b) 7.6% (2)
(c) (i) sole voting power: 300,000
(ii) shared voting power: 201,400
(iii) sole dispositive power: 100,000
(iv) shared dispositive power: 401,400
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not Applicable.
PAGE 4 OF 5
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Persons other than Lloyd I. Miller, III have the right to
receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, the reported securities.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
(2) Based on 6,612,665 outstanding shares as confirmed via email on May 13,
2004 by Courtney Degener, Investor Relations, Cadiz Inc.
PAGE 5 OF 5
Item 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: May 17, 2004
/s/ Lloyd I. Miller, III
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Lloyd I. Miller, III