ALICO, INC. — Director's Dealing 2003

Jul 28, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (ALCO)
CIK: 0000003545
Period of Report: 2003-07-24

Reporting Person: ALICO INC (Vice President, Heavy Equip.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-07-24	Alico, Inc. Common Stock, Par Value $1.00	M	1200	$15.68	Acquired	1200	Direct
2003-07-24	Alico, Inc. Common Stock, Par Value $1.00	M	1200	$26.02	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-07-24	Option for Common Stock	$15.68	M	1200	Acquired	2012-08-31	Common Stock (1200)	Direct
2003-07-24	Option for Common Stock	$15.68	M	1200	Disposed	2012-08-31	Common Stock (1200)	Direct