ALICO, INC. — Director's Dealing 2008

Aug 8, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO INC (ALCO)
CIK: 0000003545
Period of Report: 2008-08-06

Reporting Person: GMT CAPITAL CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-06	Common Stock	P	1263	$42.89	Acquired	785635	Direct
2008-08-07	Common Stock	P	100	$43.87	Acquired	785735	Direct
2008-08-08	Common Stock	P	1152	$45.9	Acquired	786887	Direct

Footnotes

F1: This Form 4 is being jointly filed by Bay Resource Partners, L.P., a Delaware limited partnership ("Bay"), Bay II Resource Partners, L.P., a Delaware limited partnership ("Bay II"), Bay Resource Partners Offshore Fund, Ltd., an exempted company organized under the laws of the Cayman Islands ("Offshore Fund"), GMT Capital Corp., a Georgia corporation ("GMT Capital"), and Thomas E. Claugus, a United States citizen ("Claugus"). The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.

F2: GMT Capital, the general partner of Bay and Bay II, has the power to direct the affairs of Bay and Bay II, including the voting and disposition of shares. As the discretionary investment manager of the Offshore Fund and certain other accounts, GMT Capital has power to direct the voting and disposition of shares held by the Offshore Fund and such accounts. Mr. Claugus is the President of GMT Capital and in that capacity directs the operations of each of Bay and Bay II and the voting and disposition of shares held by the Offshore Fund and separate client accounts managed by GMT Capital. GMT Capital and Mr. Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Mr. Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F3: The aggregate number of shares of common stock acquired was 1,263 shares and such shares were purchased by the Reporting Persons in the following amounts: Bay = 200 shares; Bay II = 300 shares; Offshore Fund = 663 shares; GMT Capital = 100 shares.

F4: 785,635 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 187,300 shares directly owned by it; Bay II = 127,900 shares directly owned by it; Offshore Fund = 385,335 shares directly owned by it; GMT Capital = 63,300 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 21,800 shares directly owned by him.

F5: The aggregate number of shares of common stock acquired was 100 shares and such shares were purchased by the Offshore Fund.

F6: 785,735 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 187,300 shares directly owned by it; Bay II = 127,900 shares directly owned by it; Offshore Fund = 385,435 shares directly owned by it; GMT Capital = 63,300 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 21,800 shares directly owned by him.

F7: The aggregate number of shares of common stock acquired was 1,152 shares and such shares were purchased by the Reporting Persons in the following amounts: Bay = 200 shares; Bay II = 200 shares; Offshore Fund = 652 shares; GMT Capital = 100 shares.

F8: 786,887 shares of common stock is the aggregate number of shares of common stock owned by the Reporting Persons and is owned as follows: Bay = 187,500 shares directly owned by it; Bay II = 128,100 shares directly owned by it; Offshore Fund = 386,087 shares directly owned by it; GMT Capital = 63,400 shares of common stock beneficially owned by it with respect to separate client accounts managed by it; Claugus = 21,800 shares directly owned by him.