ALICO, INC. — Director's Dealing 2021

Dec 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALICO, INC. (ALCO)
CIK: 0000003545
Period of Report: 2021-12-15

Reporting Person: RALLO RICHARD (CFO and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-15	Alico, Inc., Common Stock, Par Value $1.00	M	5000	$33.96	Acquired	6293	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-15	Employee stock option (right to buy)	$33.96	M	5000	Disposed	2026-12-31	Common Stock (5000)	Direct

Footnotes

F1: The options, representing the right to purchase a total of 32,000 shares of the Companys common stock, vest as follows: (i) 25% of the options will vest if the price during a consecutive 20-day trading period exceeds $35.00; (ii) 25% of the options will vest if the price of the during a consecutive 20-day trading period exceeds $40.00; (iii) 25% of the options will vest if the price during a consecutive 20-day trading period exceeds $45.00 and (iv) 25% of the options will vest if the price during a consecutive 20-day trading period exceeds $50.00, in each case subject to (x) the reporting person executing the Companys incentive stock option agreement and (y) the reporting persons continued employment or service with the Company on the applicable vesting date. Options, representing the right to purchase 8,000 of the shares mentioned in the preceding sentence, became exercisable beginning on January 27, 2020. Any options not vested on or before December 31, 2022 shall be forfeited.