UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

 

 

Alico, Inc.


(Name of Issuer)

 

 

Common Stock, par value $1.00 per share


(Title of Class of Securities)

 

 

016230104


(CUSIP number)

 

 

Malcolm F. MacLean IV

c/o Mercury Real Estate Advisors LLC

100 Field Point Road

Greenwich, CT 06830

(203) 869-9191


(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

 

October 10, 2005


(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ¨.

 

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 016230104   13D   Page 2 of 9 pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

            Mercury Real Estate Advisors LLC

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            AF

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Delaware

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  7    SOLE VOTING POWER

 

                286,901


  8    SHARED VOTING POWER

 

                —0—


  9    SOLE DISPOSITIVE POWER

 

                286,901


10    SHARED DISPOSITIVE POWER

 

                —0—

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            286,901

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 

¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            3.89%

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            OO – Limited Liability Company

   

 

 


CUSIP No. 016230104   13D   Page 3 of 9 pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

            David R. Jarvis

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            AF

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            United States

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  7    SOLE VOTING POWER

 

                286,901


  8    SHARED VOTING POWER

 

                —0—


  9    SOLE DISPOSITIVE POWER

 

                286,901


10    SHARED DISPOSITIVE POWER

 

                —0—

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            286,901

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 

¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            3.89%

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            IN

   

 

 


CUSIP No. 016230104   13D   Page 4 of 9 pages

 

  1  

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

            Malcolm F. MacLean IV

   
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨

(b)  ¨

   
  3  

SEC USE ONLY

 

   
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            AF

   
  5  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            United States

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  7    SOLE VOTING POWER

 

                286,901


  8    SHARED VOTING POWER

 

                —0—


  9    SOLE DISPOSITIVE POWER

 

                286,901


10    SHARED DISPOSITIVE POWER

 

                —0—

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            286,901

   
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

 

¨

 

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            3.89%

   
14  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

            IN

   

 

 


CUSIP No. 016230104   13D   Page 5 of 9 pages

 

This Amendment No. 3 (the “Amendment”) amends and supplements the Schedule 13D as filed on February 23, 2005, as amended by Amendment No. 1 thereto filed on March 1, 2005 and Amendment No. 2 thereto filed on May 25, 2005 (the “Schedule 13D”), with respect to the shares of common stock, par value $1.00 per share (the “Shares”), of Alico, Inc., a Delaware corporation (the “Issuer”). Capitalized terms used herein but not defined shall have the meanings ascribed thereto in the Schedule 13D. The Schedule 13D is hereby amended and supplemented as follows:


CUSIP No. 016230104   13D   Page 6 of 9 pages

 

Item 5. Interest in Securities of the Issuer.

 

(a) and (b) As of the date hereof, Mercury Special Situations Fund LP, Mercury Special Situations Offshore Fund, Ltd., Silvercrest Real Estate Fund (International), Silvercrest Real Estate Fund, Mercury Real Estate Securities Fund LP, Mercury Real Estate Securities Offshore Fund, Ltd. and Silvercreek SAV LLC owned beneficially 98,750, 188,725, 28,348, 5,782, 7,301, 14,978 and 13,017 Shares, respectively, representing approximately 1.34%, 1.61%, 0.38%, 0.08%, 0.10%, 0.20% and 0.18%, respectively, of the Shares of the Issuer outstanding as reported in publicly available information.

 

As of the date hereof, Advisors, in its capacity as investment advisor of the Funds, may be deemed to be the beneficial owner of 286,901 Shares, constituting 3.89% of the 7,368,612 Shares of the Issuer outstanding as reported in publicly available information.

 

As of the date hereof, Mr. Jarvis, in his capacity as a Managing Member of Advisors, may be deemed to be the beneficial owner of 286,901 Shares, constituting 3.89% of the 7,368,612 Shares of the Issuer outstanding as reported in publicly available information.

 

As of the date hereof, Mr. MacLean, in his capacity as a Managing Member of Advisors, may be deemed to be the beneficial owner of 286,901 Shares, constituting 3.89% of the 7,368,612 Shares of the Issuer outstanding as reported in publicly available information.

 

(c) Information with respect to all transactions in the Shares beneficially owned by the Reporting Persons that were effected during the past sixty days is set forth in Exhibit A attached hereto and incorporated herein by reference.

 

(d) Not applicable.

 

(e) On October 10, 2005, the reporting persons ceased to be the beneficial owners of more than five percent of the Shares outstanding.

 

 


CUSIP No. 016230104   13D   Page 7 of 9 pages

 

Item 7. Material to be Filed as Exhibits.

 

The following documents are filed as exhibits to this Schedule 13D:
Exhibit 7.1   Letter, dated March 1, 2005, from David R. Jarvis and Malcolm F. MacLean IV to John R. Alexander, Chairman of the Board of Directors of Alico, Inc.*
Exhibit 7.2   Letter, dated March 1, 2005, from David R. Jarvis and Malcolm F. MacLean IV to Douglas D. McKenney, CFA, Director, Listing Qualifications, The Nasdaq Stock Market, Inc.*
Exhibit 7.3   Transactions in Shares During Past 60 Days.
Exhibit 7.4   Joint Filing Agreement, dated as of February 23, 2005, by and among Mercury Real Estate Advisors LLC, a Delaware limited liability company, and David R. Jarvis and Malcolm F. MacLean IV, each an individual.**

 

*Previously filed with Amendment No. 1 to the Schedule 13D/A on March 1, 2005.

**Previously filed as Exhibit 7.1 to the Schedule 13D on February 23, 2005.


CUSIP No. 016230104   13D   Page 8 of 9 pages

 

SIGNATURES

 

After reasonable inquiry and to the best of his, her or its knowledge and belief, each of the persons signing below certifies that the information set forth in this statement is true, complete and correct.

 

Date: October 19, 2005   MERCURY REAL ESTATE ADVISORS LLC
   

/s/ Malcolm F. MacLean IV


    Signature
   

Malcolm F. MacLean IV, Managing Member


    Name/Title
     
   

/s/ Malcolm F. MacLean IV


    Signature
     
   

/s/ David R. Jarvis


    Signature


Exhibit A

Schedule of Transactions in Shares of

the Issuer During the Past 60 Days

 

Mercury Special Situations Offshore Fund, Ltd.

 

Date of Transaction


  

Quantity

Purchased(Sold)(1)


   

Price/Share

($)(2)


8/22/2005

   8,011     49.5669

8/26/2005

   526     49.9993

8/29/2005

   919     49.3390

8/31/2005

   11,139     51.0093

9/8/2005

   182     49.6424

9/12/2005

   (2,882 )   50.5848

9/16/2005

   (2,647 )   49.9799

9/23/2005

   (1,217 )   48.9779

9/26/2005

   400     48.8600

9/27/2005

   2,288     49.1680

9/29/2005

   1,650     48.6064

10/6/2005

   (6,901 )   46.0567

10/7/2005

   (13,100 )   45.7529

10/10/2005

   (16,400 )   45.7022

10/11/2005

   (600 )   45.6185

10/13/2005

   (10,800 )   42.7551

10/14/2005

   897     44.3087

 

Mercury Special Situations Fund LP

 

Date of Transaction


  

Quantity

Purchased(Sold)(1)


   

Price/Share

($)(2)


8/22/2005

   1,459     49.5669

8/26/2005

   2,213     49.9993

8/29/2005

   166     49.3390

8/31/2005

   5,973     50.9087

9/8/2005

   293     49.6424

9/12/2005

   (2,422 )   50.5848

9/16/2005

   (2,700 )   49.9799

9/23/2005

   (600 )   48.9780

9/26/2005

   100     48.8600

9/27/2005

   2,152     49.1680

9/28/2005

   2,432     48.7344

10/6/2005

   (6,600 )   46.0567

10/7/2005

   (12,900 )   45.7529

10/10/2005

   (13,900 )   45.7022

10/11/2005

   (400 )   45.6185

10/13/2005

   (9,076 )   42.7551

10/14/2005

   747     44.3087

(1) All purchases/sales were effected though open market or privately negotiated transactions.
(2) Inclusive of brokerage commissions.

 

9


Silvercrest Real Estate Fund (International)

 

Date of Transaction


  

Quantity

Purchased(Sold)(1)


   

Price/Share

($)(2)


8/26/2005

   256     49.9993

8/31/2005

   2,039     51.0094

9/12/2005

   (670 )   50.5848

9/16/2005

   (1,100 )   49.9799

9/23/2005

   (100 )   48.9779

9/27/2005

   598     49.1680

9/29/2005

   209     48.6064

10/6/2005

   (1,100 )   46.0567

10/7/2005

   (2,100 )   45.7529

10/10/2005

   (4,000 )   45.7022

10/11/2005

   (100 )   45.6184

10/13/2005

   (3,125 )   42.7551

10/14/2005

   214     44.3087

 

Silvercrest Real Estate Fund

 

Date of Transaction


  

Quantity

Purchased(Sold)(1)


   

Price/Share

($)(2)


8/22/2005

   284     49.5669

8/26/2005

   115     49.9993

8/29/2005

   34     49.3391

8/31/2005

   461     51.0094

9/12/2005

   (142 )   50.5847

9/16/2005

   (400 )   49.9799

9/27/2005

   29     49.1679

10/6/2005

   (300 )   46.0567

10/7/2005

   (700 )   45.7529

10/10/2005

   (800 )   45.7022

10/13/2005

   (618 )   42.7551

10/14/2005

   43     44.3086

 

10


 

Mercury Real Estate Securities Fund LP

 

Date of Transaction


  

Quantity

Purchased(Sold)(1)


   

Price/Share

($)(2)


8/16/2005

   2,978     49.1243

8/17/2005

   1,651     48.9820

8/19/2005

   824     48.0014

8/23/2005

   633     48.9948

8/30/2005

   2,486     48.9803

9/9/2005

   (2,013 )   50.9915

9/12/2005

   (419 )   50.5848

9/13/2005

   826     50.1439

9/14/2005

   (200 )   50.1814

9/15/2005

   (900 )   50.1349

9/19/2005

   200     49.3847

9/21/2005

   1,200     48.9147

9/22/2005

   1,300     49.1269

9/30/2005

   9,525     50.5395

10/3/2005

   (6,300 )   49.9767

10/5/2005

   (4,300 )   47.1051

10/12/2005

   (2,400 )   45.01812

 

Mercury Real Estate Securities Offshore Fund, Ltd.

 

Date of Transaction


  

Quantity

Purchased(Sold)(1)


   

Price/Share

($)(2)


8/16/2005

   5,792     49.1243

8/17/2005

   1,243     48.9820

8/18/2005

   2,136     48.0650

8/19/2005

   1,359     48.0014

8/23/2005

   1,206     48.9948

8/30/2005

   4,537     48.9803

9/9/2005

   248     50.9892

9/12/2005

   (869 )   50.5848

9/13/2005

   (726 )   50.2279

9/14/2005

   (703 )   50.1814

9/15/2005

   (1,916 )   50.1349

9/19/2005

   431     49.3847

9/21/2005

   2,404     48.9147

9/22/2005

   2,852     49.1269

9/30/2005

   16,975     50.5394

10/3/2005

   (12,213 )   49.9767

10/5/2005

   (8,152 )   47.1051

10/12/2005

   (3,964 )   45.01812

 

Silvercreek SAV LLC

 

Date of Transaction


  

Quantity

Purchased(Sold)(1)


   

Price/Share

($)(2)


8/22/2005

   246     49.5669

8/26/2005

   1,890     49.9993

8/29/2005

   149     49.3390

9/12/2005

   (315 )   50.5848

9/16/2005

   (1,600 )   49.9799

9/29/2005

   141     48.6064

10/6/2005

   (700 )   46.0567

10/7/2005

   (1,300 )   45.7529

10/10/2005

   (1,800 )   45.7022

10/11/2005

   (100 )   45.6184

10/13/2005

   (1,381 )   42.7551

10/14/2005

   99     44.3087

 

11