James Sampel - 24 May 2022 Form 4 Insider Report for ALICO, INC. (ALCO)

Role: Chief Information Officer
Signature: James Sampel
Issuer symbol: ALCO
Transactions as of: 24 May 2022
Net transactions value: -$24,120
Form type: 4
Filing time: 26 May 2022, 16:20:59 UTC
Previous filing: 12 Nov 2021
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	$101,880	+3,000	+303%	$33.96	3,991	24 May 2022	Direct
transaction	ALCO	Alico, Inc., Common Stock, Par Value $1.00	Sale	$126,000	-3,000	-75%	$42.00	991	24 May 2022	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	-3,000	-25%	$0.000000	9,000	24 May 2022	Common Stock	3,000	$33.96	Direct	F1, F2

* 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 12,000 shares, vest as follows: (i) 25% of the options will vest if the price of the Companys common stock during a consecutive 20-day trading period exceeds $35.00; (ii) 25% of the options will vest if the price of the Companys common stock during a consecutive 20-day trading period exceeds $40.00; (iii) 25% of the options will vest if the price of the Companys 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 Companys common stock 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 or such date as set forth in the incentive stock option agreement.
F2	Due to the 1000 character limit, Footnote 2 is a continuation of Footnote 1: Of the options mentioned in the preceding sentence, options representing the right to purchase 3,000 shares became exercisable on January 27, 2020; and the exercise of the options representing the right to purchase such 3,000 shares is reflected in the transaction reported in this Form 4 filing. Any of the remaining 9,000 options not vested on or before December 31, 2022 shall be forfeited.

Content

The options, representing the right to purchase a total of 12,000 shares, vest as follows: (i) 25% of the options will vest if the price of the Companys common stock during a consecutive 20-day trading period exceeds $35.00; (ii) 25% of the options will vest if the price of the Companys common stock during a consecutive 20-day trading period exceeds $40.00; (iii) 25% of the options will vest if the price of the Companys 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 Companys common stock 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 or such date as set forth in the incentive stock option agreement.

Due to the 1000 character limit, Footnote 2 is a continuation of Footnote 1: Of the options mentioned in the preceding sentence, options representing the right to purchase 3,000 shares became exercisable on January 27, 2020; and the exercise of the options representing the right to purchase such 3,000 shares is reflected in the transaction reported in this Form 4 filing. Any of the remaining 9,000 options not vested on or before December 31, 2022 shall be forfeited.