ALICO, INC. — Director's Dealing 2003

Nov 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (ALCO)
CIK: 0000003545
Period of Report: 2003-11-18

Reporting Person: ALICO INC (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-17	Alico, Inc. Common Stock, Par Value $1.00	M	2000	$15.68	Acquired	2500	Direct
2003-11-17	Alico, Inc. Common Stock, Par Value $1.00	M	500	$31.44	Disposed	2000	Direct
2003-11-17	Alico, Inc. Common Stock, Par Value $1.00	M	100	$31.81	Disposed	1900	Direct
2003-11-17	Alico, Inc. Common Stock, Par Value $1.00	M	1400	$31.8	Disposed	500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-17	Option for Common Stock	$15.68	M	2000	Acquired	2013-08-31	Common Stock (2000)	Direct
2003-11-17	Option for Common Stock	$15.68	M	2000	Disposed	2013-08-31	Common Stock (2000)	Direct