RALLO RICHARD 4
4 · ALICO, INC. · Filed Apr 14, 2022
Insider Transaction Report
Form 4
ALICO, INC.ALCO
RALLO RICHARD
Chief Accounting Officer
Transactions
- Exercise/Conversion
Alico, Inc., Common Stock, Par Value $1.00
2022-04-13$33.96/sh+3,000$101,880→ 9,293 total - Exercise/Conversion
Employee stock option (right to buy)
2022-04-13−3,000→ 24,000 totalExercise: $33.96Exp: 2026-12-31→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]The options, representing the right to purchase a total of 32,000 shares, vest as follows: (i) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-day trading period exceeds $35.00; (ii) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-day trading period exceeds $40.00; (iii) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-day trading period exceeds $45.00 and (iv) 25% of the options will vest if the price of the Company's common stock during a consecutive 20-day trading period exceeds $50.00, in each case subject to (x) the reporting person executing the Company's incentive stock option agreement and (y) the reporting person's continued employment or service with the Company on the applicable vesting date or such date as set forth in the incentive stock option agreement.
- [F2]Due to a 1000 character limit, Footnote 2 is a continuation of Footnote 1: Of the options mentioned in the preceding sentence, options representing the right to purchase 8,000 shares became exercisable on January 27, 2020; and of those options that became exercisable on January 27, 2020, options representing the right to purchase 5,000 shares were previously exercised on December 15, 2021, and the exercise of the options representing the right to purchase the other 3,000 shares is reflected in the transaction reported in this Form 4 filing. Any options not vested on or before December 31, 2022 shall be forfeited.