ALICO, INC. — Director's Dealing 2003

Nov 7, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (ALCO)
CIK: 0000003545
Period of Report: 2003-11-06

Reporting Person: ALICO INC (Vice President Citrus Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	4940	$15.68	Acquired	5040	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$28.73	Disposed	4940	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	240	$28.93	Disposed	4700	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	700	$29.1	Disposed	4000	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$28.9	Disposed	3900	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	50	$29.71	Disposed	3850	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$29.3	Disposed	3750	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	1200	$29.5	Disposed	2550	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$29.7	Disposed	2450	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$29.9	Disposed	2350	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$30.05	Disposed	2250	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	250	$30.1	Disposed	2000	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$30.3	Disposed	1900	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	300	$30.5	Disposed	1600	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$30.7	Disposed	1500	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	200	$30.71	Disposed	1300	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$30.9	Disposed	1200	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$30.91	Disposed	1100	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$31.1	Disposed	1000	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$31.11	Disposed	900	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$31.3	Disposed	800	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$31.31	Disposed	700	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	300	$31.5	Disposed	400	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$31.51	Disposed	300	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$31.52	Disposed	200	Direct
2003-11-06	Alico, Inc. Common Stock, Par Value $1.00	M	100	$31.71	Disposed	100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-06	Option For Stock	$15.68	M	4940	Acquired	2013-08-31	Common Stock (4940)	Direct
2003-11-06	Option For Stock	$15.68	M	4940	Disposed	2013-08-31	Common Stock (4940)	Direct