X0201 4 2004-02-25 0000740796 FLORIDA EAST COAST INDUSTRIES INC FLA 0001209752 ANESTIS ROBERT W ONE MALAGA STREET ST. AUGUSTINE FL 32084 1 1 0 0 Chairman, President & CEO Common Stock 2004-02-25 4 A 0 14235 34.30 A 93128 D Common Stock 2004-02-27 4 A 0 36407 35.06 A 129535 D Common Stock 2359 I by 401(k) Plan Non-Statutory Option 21.09 2004-02-27 4 D 0 36765 D 2006-09-20 Common Stock 36765 837439 D Non-Statutory option 20.14 2004-02-27 4 D 0 18907 D 2006-12-14 Common Stock 18907 818532 D Non-Statutory Option 20.14 2004-02-27 4 D 0 39391 D 2006-12-14 Common Stock 39391 779141 D Non-Statutory Option 22.22 2004-02-27 4 D 0 39109 D 2002-07-25 2007-02-25 Common Stock 39109 740032 D Non-Statutory Option 22.22 2004-02-27 4 D 0 9579 D 2007-02-25 Common Stock 9579 730453 D Shares vest ratably over four years on anniversary date of grant. Shares of Common Stock acquired through the Florida East Coast Industries Stock Fund. Information is based on plan statement dated December 31, 2003. On February 27, 2004, the issuer canceled the options listed in this Form 4. In exchange for the cancelled options, the reporting person received 36,407 shares of common stock. The cancelled option provided for vesting in up to four equal annual installments between December 14, 2001 and February 25, 2004. ____________________________________ Robert W. Anestis 2004-02-27