ALICO, INC. — Director's Dealing 2003

Nov 12, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (ALCO)
CIK: 0000003545
Period of Report: 2003-11-12

Reporting Person: ALICO INC (Vice President, Ranch Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-12	Alico, Inc. Common Stock, Par Value $1.00	M	1000	$15.68	Acquired	1000	Direct
2003-11-12	Alico, Inc. Common Stock, Par Value $1.00	M	29	$32.25	Disposed	971	Direct
2003-11-12	Alico, Inc. Common Stock, Par Value $1.00	M	871	$32	Disposed	100	Direct
2003-11-12	Alico, Inc. Common Stock, Par Value $1.00	M	100	$32.01	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-12	Option for Common Stock	$15.68	M	1000	Acquired	2012-08-31	Common Stock (1000)	Direct
2003-11-12	Option for Common Stock	$15.68	M	1000	Disposed	2012-08-31	Common Stock (1000)	Direct