ALICO, INC. — Director's Dealing 2004

Aug 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (alco)
CIK: 0000003545
Period of Report: 2004-08-16

Reporting Person: GRIGSBY B WADE (Vice President Ranch Operation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-16	Alico, Inc., Common Stock, Par Value $1.00	M	527	$15.68	Acquired	527	Direct
2004-08-16	Alico, Inc., Common Stock, Par Value $1.00	S	300	$39.92	Disposed	227	Direct
2004-08-16	Alico, Inc., Common Stock, Par Value $1.00	S	227	$39.9	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-16	Option for Common Stock	$15.68	M	527	Acquired	2012-09-10	Common Stock (527)	Direct
2004-08-16	Option for Common Stock	$15.68	S	527	Disposed	2012-09-10	Common Stock (527)	Direct