Sampel James 4
4 · ALICO, INC. · Filed May 26, 2022
Insider Transaction Report
Form 4
ALICO, INC.ALCO
Sampel James
Chief Information Officer
Transactions
- Sale
Alico, Inc., Common Stock, Par Value $1.00
2022-05-24$42.00/sh−3,000$126,000→ 991 total - Exercise/Conversion
Employee stock option (right to buy)
2022-05-24−3,000→ 9,000 totalExercise: $33.96Exp: 2026-12-31→ Common Stock (3,000 underlying) - Exercise/Conversion
Alico, Inc., Common Stock, Par Value $1.00
2022-05-24$33.96/sh+3,000$101,880→ 3,991 total
Footnotes (2)
- [F1]The options, representing the right to purchase a total of 12,000 shares, vest as follows: (i) 25% of the options will vest if the price of the Companys common stock during a consecutive 20-day trading period exceeds $35.00; (ii) 25% of the options will vest if the price of the Companys common stock during a consecutive 20-day trading period exceeds $40.00; (iii) 25% of the options will vest if the price of the Companys 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 Companys common stock 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 or such date as set forth in the incentive stock option agreement.
- [F2]Due to the 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 3,000 shares became exercisable on January 27, 2020; and the exercise of the options representing the right to purchase such 3,000 shares is reflected in the transaction reported in this Form 4 filing. Any of the remaining 9,000 options not vested on or before December 31, 2022 shall be forfeited.