X0306 4 2018-10-04 0 0000003545 ALICO INC ALCO 0001192331 SLACK HENRY R P.O. BOX 28 PEAPACK NJ 07977 1 1 0 0 Executive Chairman Alico, Inc., Common Stock, Par Value $1.00 2018-10-04 4 A 0 1392 33.67 A 11909 D Alico, Inc., Common Stock, Par Value $1.00 1820 I By Montac Trust Alico, Inc., Common Stock, Par Value $1.00 1000 I By Family Trusts Options to Purchase Common Stock 27.15 2016-12-31 2026-12-31 Alico, Inc., Common Stock, Par Value $1.00 37500 37500 D These shares were granted under the Stock Incentive Plan of 2015. Montac Trust, a trust of which Mr. Slack is a beneficiary, holds 1,820 shares of the Company's Common Stock. Mr. Slack disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein. Two family trusts (the "Family Trusts") directly hold an aggregate of 1,000 shares of the Company's Common Stock. Mr. Slack is not the trustee for the Family Trusts, but his immediate family members are beneficiaries of such trusts. Mr. Slack disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein. The options vest as follows: (i) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-trading period exceeds $60.00; (ii) 25% of the options will vest if such price exceeds $75.00; (iii) 25% of the options will vest if such price exceeds $90.00; and (iv) 25% of the options will vest if such price exceeds $105.00. Henry R. Slack 2018-10-17