SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES
13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
(Amendment No. 1 )*
Cadiz Inc.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
127537207
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(CUSIP Number)
12/31/2008
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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)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
*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 the disclosures provided in a prior cover
page.
The information required in 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 ("Act") 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).
Page 1 of 5 Pages
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CUSIP No. 127537207 SCHEDULE 13G Page 2 of 5 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
FROST GAMMA INVESTMENTS TRUST
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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
FLORIDA
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5 SOLE VOTING POWER
732,187
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 732,187
WITH: -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
732,187
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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)
5.88%
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12 TYPE OF REPORTING PERSON*
OO
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CUSIP No. 127537207 SCHEDULE 13G Page 3 of 5 Pages
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Item 1(a). Name of Issuer. CADIZ, INC.
Item 1(b). Address of Issuer's Principal Executive Offices.
550 South Hope Street
Suite 2850
Los Angeles, CA 90071
United States
Item 2(a). Name of Person Filing.
Frost Gamma Investments Trust
Item 2(b). Address of Principal Business Office or, if None, Residence.
4400 Biscayne Boulevard
Miami, FL 33137
Item 2(c). Citizenship.
Unites States
Item 2(d). Title of Class of Securities.
Common Stock
Item 2(e). CUSIP Number.
127537207
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), identify the status of the person filing.
Not Applicable
Item 4. Ownership.
(a) Amount beneficially owned: 732,187
(b) Percent of class: 5.88%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote: 732,187
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition of:
732,187
(iv) Shared power to dispose or direct the disposition of:
0
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CUSIP No. 127537207 SCHEDULE 13G Page 4 of 5 Pages
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Item 5. Ownership of Five Percent or Less of a Class.
If this Statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company or Control Person.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
Not Applicable
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CUSIP No. 127537207 SCHEDULE 13G Page 5 of 5 Pages
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SIGNATURES
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.
January 29, 2009 Frost Gamma Investments Trust
/s/ Phillip Frost, MD
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By: Phillip Frost, MD
Title: Trustee