Richard Rallo - 15 Dec 2021 Form 4 Insider Report for ALICO, INC. (ALCO)

Role: CFO and CAO
Signature: Richard Rallo
Issuer symbol: ALCO
Transactions as of: 15 Dec 2021
Net transactions value: +$169,800
Form type: 4
Filing time: 16 Dec 2021, 15:14:07 UTC
Previous filing: 12 Nov 2021
Next filing: 14 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALCO	Alico, Inc., Common Stock, Par Value $1.00	Options Exercise	$169,800	+5,000	+387%	$33.96	6,293	15 Dec 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ALCO	Employee stock option (right to buy)	Options Exercise	$0	-5,000	-16%	$0.000000	27,000	15 Dec 2021	Common Stock	5,000	$33.96	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.

Content

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.