ALICO, INC. — Director's Dealing 2004

Feb 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: GRIFFIN BEN HILL III (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-02	Alico, Inc. Common Stock, Par Value $1.00	M	17000	$15.68	Acquired	17000	Direct
2004-02-02	Alico, Inc. Common Stock, Par Value $1.00	S	17000	$38.127	Disposed	0	Direct
2004-02-03	Alico, Inc. Common Stock, Par Value $1.00	M	5186	$15.68	Acquired	5186	Direct
2004-02-03	Alico, Inc. Common Stock, Par Value $1.00	S	5186	$38.5	Disposed	0	Direct
2004-02-04	Alico, Inc. Common Stock, Par Value $1.00	M	1785	$15.68	Acquired	1785	Direct
2004-02-04	Alico, Inc. Common Stock, Par Value $1.00	S	1785	$38.25	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-02	Option for Common Stock	$15.68	M	11471	Acquired	2011-09-11	Common Stock (11471)	Direct
2004-02-02	Option for Common Stock	$15.68	S	11471	Disposed	2011-09-11	Common Stock (11471)	Direct
2004-02-02	Option for Common Stok	$15.68	M	5529	Acquired	2012-09-10	Common Stock (5529)	Direct
2004-02-02	Option for Common Stock	$15.68	S	5529	Disposed	2012-09-10	Common Stock (5529)	Direct
2004-02-03	Option for Common Stock	$15.68	M	5186	Acquired	2012-09-10	Common Stock (5186)	Direct
2004-02-03	Option for Common Stock	$15.68	S	5186	Disposed	2012-09-10	Common Stock (5186)	Direct
2004-02-04	Option for Common Stock	$15.68	S	1785	Acquired	2012-09-10	Common Stock (1785)	Direct
2004-02-04	Option for Common Stock	$15.68	S	1785	Disposed	2012-09-10	Common Stock (1785)	Direct