ALICO, INC. — Director's Dealing 2004

Jul 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (alco)
CIK: 0000003545
Period of Report: 2004-07-23

Reporting Person: GRIGSBY B WADE (VP Ranch Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-23	Alico, Inc., Common Stock, Par Value $1.00	M	100	$15.68	Acquired	100	Direct
2004-07-23	Alico, Inc., Common Stock, Par Value $1.00	S	100	$38.9	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-23	Option for Common Stock	$15.68	M	100	Acquired	2012-09-10	Common Stock (100)	Direct
2004-07-23	Option for Common Stock	$15.68	S	100	Disposed	2012-09-10	Common Stock (100)	Direct