James Sampel - Oct 11, 2019 Form 4/A - Amendment Insider Report for ALICO, INC. (ALCO)

Role
Chief Information Officer
Signature
James Sampel
Stock symbol
ALCO
Transactions as of
Oct 11, 2019
Transactions value $
$0
Form type
4/A - Amendment
Date filed
5/27/2022, 04:20 PM
Date Of Original Report
Dec 29, 2020
Next filing
Nov 12, 2021

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 Option to purchase common stock Award $0 +12K $0.00 12K Oct 11, 2019 Alico, Inc., Common Stock, Par Value $1.00 12K $33.96 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Incentive Stock Options (right to buy) were granted under the Stock Incentive Plan of 2015.
F2 The original Form 4 filed on December 29, 2020, is being amended by this Form 4 amendment solely to correct the number of stock options issued to Reporting Person and the corresponding number of underlying securities. The actual number of stock options issued to Reporting Person was 12,000 (as opposed to 16,000).
F3 The options 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. Any options not vested on or before December 31, 2022 shall be forfeited.