ALICO, INC. — Director's Dealing 2004

Mar 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (ALCO)
CIK: 0000003545
Period of Report: 2004-03-02

Reporting Person: ACKERT RICHARD C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-02	Alico, Inc. Common Stock, Par Value $1.00	M	2000	$15.68	Acquired	2300	Direct
2004-03-02	Alico, Inc. Common Stock, Par Value $1.00	M	2000	$21.17	Acquired	4300	Direct
2004-03-02	Alico, Inc. Common Stock, Par Value $1.00	S	4000	$38.53	Disposed	300	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-02	Option for Common Stock	$15.68	M	2000	Acquired	2013-09-09	Common Stock (2000)	Direct
2004-03-02	Option For Common Stock	$21.17	M	2000	Acquired	2014-02-03	Common Stock (2000)	Direct
2004-03-02	Option for Common Stock	$15.68	S	2000	Disposed	2013-09-09	Common Stock (2000)	Direct
2004-03-02	Option for Common Stock	$21.17	S	2000	Disposed	2014-02-03	Common Stock (2000)	Direct