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

Role: CFO and CAO
Signature: Richard Rallo
Stock symbol: ALCO
Transactions as of: Dec 15, 2021
Transactions value $: $169,800
Form type: 4
Date filed: 12/16/2021, 03:14 PM
Previous filing: Nov 12, 2021
Next filing: Apr 14, 2022

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	$170K	+5K	+386.7%	$33.96	6.29K	Dec 15, 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	-5K	-15.63%	$0.00	27K	Dec 15, 2021	Common Stock	5K	$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.