ALICO, INC. — Director's Dealing 2004

Aug 25, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (alco)
CIK: 0000003545
Period of Report: 2004-08-24

Reporting Person: SMITH STEVEN M (Vice President Citrus)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-24	Alico, Inc., Common Stock, Par Value $1.00	M	4888	$21.17	Acquired	5010	Direct
2004-08-24	Alico, Inc., Common Stock, Par Value $1.00	S	3199	$43.1	Disposed	1811	Direct
2004-08-24	Alico, Inc., Common Stock, Par Value $1.00	S	199	$43.05	Disposed	1612	Direct
2004-08-24	Alico, Inc., Common Stock, Par Value $1.00	S	609	$43	Disposed	1003	Direct
2004-08-24	Alico, Inc., Common Stock, Par Value $1.00	S	881	$42.72	Disposed	122	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-24	Option for Common Stock	$21.17	M	4888	Acquired	2014-02-03	Common Stock (4888)	Direct
2004-08-24	Option for Common Stock	$21.17	S	4888	Disposed	2014-02-03	Common Stock (4888)	Direct