ALICO, INC. — Director's Dealing 2004

Jan 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (alco)
CIK: 0000003545
Period of Report: 2004-01-26

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
2004-01-26	Alico, Inc. Common Stock, Par Value $1.00	M	3234	$14.62	Acquired	3234	Direct
2004-01-26	Alico, Inc. Common Stock, Par Value $1.00	S	3234	$38.0267	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-26	Option for Common Stock	$14.62	M	3234	Acquired	2009-04-06	Common Stock (3234)	Direct
2004-01-26	Option for Common Stock	$14.62	S	3234	Disposed	2009-04-06	Common Stock (3234)	Direct