ALICO, INC. — Director's Dealing 2003

Sep 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (ALCO)
CIK: 0000003545
Period of Report: 2003-09-08

Reporting Person: ALICO INC (Vice Pres., Sugar/Sod Div)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	3339	$15.68	Acquired	3339	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	661	$15.68	Acquired	4000	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	300	$26.5	Disposed	3700	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	100	$26.55	Disposed	3600	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	100	$26.75	Disposed	3500	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	800	$26.8	Disposed	2700	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	200	$26.82	Disposed	2500	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	100	$26.18	Disposed	2400	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	1485	$26.2	Disposed	915	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	100	$26.38	Disposed	815	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	100	$26.4	Disposed	715	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	100	$26.58	Disposed	615	Direct
2003-09-08	Alico, Inc. Common Stock, Par Value $1.00	M	615	$27.11	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-08	Option for Stock	$15.68	M	3339	Acquired	2012-08-31	Common Stock (3339)	Direct
2003-09-08	Option for Stock	$15.68	M	3339	Disposed	2012-08-31	Common Stock (3339)	Direct
2003-09-08	Option for Stock	$15.68	M	661	Acquired	2013-08-31	Common Stock (661)	Direct
2003-09-08	Option for Stock	$15.68	M	661	Disposed	2013-08-31	Common Stock (661)	Direct