ALICO, INC. — Director's Dealing 2019

Dec 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO, INC. (ALCO)
CIK: 0000003545
Period of Report: 2019-10-11

Reporting Person: RALLO RICHARD (CFO and CAO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-11	Option to Purchase Common Stock	$33.96	P	32000	Acquired	2026-12-31	Alico, Inc., Common Stock, Par Value $1.00 (32000.0)	Direct

Footnotes

F1: The Incentive Stock Options (right to buy) were granted under the Stock Incentive Plan of 2015.

F2: The options vest as follows: (i) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-day trading period exceeds $35.00; (ii) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-day trading period exceeds $40.00; (iii) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-day trading period exceeds $45.00 and (iv) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-day trading period exceeds $50.00, in each case subject to (x) the reporting person executing the Company's incentive stock option agreement and (y) the reporting person's continued employment or service with the Company on the applicable vesting date or such date as set forth in the incentive stock option agreement. Any options not vested on or before December 31, 2022 shall be forfeited.