RALLO RICHARD 4
4 · ALICO, INC. · Filed Dec 16, 2021
Insider Transaction Report
Form 4
ALICO, INC.ALCO
RALLO RICHARD
Chief Accounting Officer
Transactions
- Exercise/Conversion
Alico, Inc., Common Stock, Par Value $1.00
2021-12-15$33.96/sh+5,000$169,800→ 6,293 total - Exercise/Conversion
Employee stock option (right to buy)
2021-12-15−5,000→ 27,000 totalExercise: $33.96Exp: 2026-12-31→ Common Stock (5,000 underlying)
Footnotes (1)
- [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.