SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
 
 
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.
(Name of Issuer)
 
COMMON STOCK
(Title of Class of Securities)
 
127537207
(CUSIP Number)
 
12/31/2009
(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
 
 
CUSIP No. 127537207
SCHEDULE 13G
Page 2 of 5 Pages
 
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
  
FROST GAMMA INVESTMENTS TRUST
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                                      (a) o
(b) o
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
    
FLORIDA
 
NUMBER OF
5
SOLE VOTING POWER
740,187
SHARES
BENEFICIALLY
6
SHARED VOTING POWER
0
OWNED BY
EACH
7
SOLE DISPOSITIVE POWER
740,187
REPORTING
PERSON WITH
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
740,187
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.57%
12
TYPE OF REPORTING PERSON*
oo

 
 
 
 
CUSIP No. 127537207
SCHEDULE 13G
Page 3 of 5 Pages

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:
    740,187
 
 
(b)  Percent of class: 
        5.57%
 
(c)  Number of shares as to which such person has:
 
      
(i) Sole power to vote or direct the vote:
     740,187
 
 
(ii) Shared power to vote or direct the vote:
    0
 
 
(iii) Sole power to dispose or direct the disposition of:
  740,187
 
 
(iv) Shared power to dispose or direct the disposition of:
        0

 
 
 
 
CUSIP No. 127537207
SCHEDULE 13G
Page 4 of 5 Pages
 
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

 
 
 
 
CUSIP No. 127537207
SCHEDULE 13G
Page 5 of 5 Pages

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.

February 2, 2010
   Frost Gamma Investments Trust
 
/s/ Phillip Frost, MD
 
  By:     Phillip Frost, MD
 
  Title:  Trustee