ALICO, INC. — Director's Dealing 2004

Jan 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (alco)
CIK: 0000003545
Period of Report: 2004-01-16

Reporting Person: BRANTLEY JOHN T (Vice President Sugarcane)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-16	Alico, Inc. Common Stock, Par Value $1.00	M	1664	$15.68	Acquired	1664	Direct
2004-01-16	Alico, Inc. Common Stock, Par Value $1.00	S	500	$37.5	Disposed	1164	Direct
2004-01-16	Alico, Inc. Common Stock, Par Value $1.00	S	164	$37.54	Disposed	1000	Direct
2004-01-16	Alico, Inc. Common Stock, Par Value $1.00	S	1000	$37.684	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-16	Option for Stock	$15.68	M	1664	Acquired	2012-09-10	Common Stock (1664)	Direct
2004-01-16	Option for Stock	$15.68	S	1664	Disposed	2012-09-10	Common Stock (1664)	Direct