X0201 42004-01-12 0000740796 FLORIDA EAST COAST INDUSTRIES INC FLA 0001013679 SMITH RICHARD G ONE MALAGA STREET ST. AUGUSTINE FL 32084 0100EVP, CFOCommon2004-01-124M016932.49A14522DCommon2004-01-124S016933.49D14353DCommon2004-01-134M0670032.49A21053DCommon2004-01-134S0490033.50D16153DCommon2004-01-134S080033.51D15353DCommon2004-01-134S0100033.55D14353DNon Statutory Stock Option32.492004-01-124M0169D2003-12-212010-12-20Common16967151DNon Statutory Stock Option32.492004-01-134M06900D2003-12-212010-12-20Common670060451DExercise of options.__________________________ Richard G. Smith2004-01-14