UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP __Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 1. Name and Address of Reporting Person* 2. Issuer Name and Ticker or Trading Symbol Simmons, L. Craig Alico, Inc. (ALCO) (Last) (First) (Middle) 3. IRS or Social Security Number of Reporting 70 Live Oak Lane (Street) Person (Voluntary) ###-##-#### La Belle, FL 33935 (City) (State) (Zip) 4. Statement for Month/Year October 2002 5. If Admendment, Date of Original 6. Relationship of Reporting Person(s) 7. Individual or Joint/Group Filing to Issuer (Check all applicable) _X_ Form filed by One Reporting Person ___Director ___10% Owner ___ Form filed by More than One Reporting Person _X__ Officer (give ___Other(specify title below) below) Chief Financial Officer TABLE I NON-DERIVATIVE SECURITES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED 1.Title of 2.Trans- 3.Trans- 4.Securities 5.Amount of 6.Owner- 7.Nature of Security action action Acquired(A) Securities ship Indirect (Instr 3) Date Code or Disposed Beneficially Form: Beneficial (Instr 8)of (D)(Instr Owned at Direct(D) Owner- Month/ 3, 4 and 5) End of Month or Indirect ship Day/ (Instr 3 & 4) (I)(Instr 4)(Instr 4) Year Code V Amount (A) Price or (D) Alico, Inc. Common Stock, Par Value $1.00 10/29/02 M 1300 A $15.68/Sh D $1.00 10/29/02 M 100 D $28.50/Sh D $1.00 10/29/02 M 200 D $28.35/Sh D $1.00 10/29/02 M 1000 D $28.41/Sh D FORM 4 (continued) TABLE II DERIVATIVE SECURITES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities) 1.Title of 2.Conversion 3.Trans- 4.Trans- 5.Number of 6.Date Exer- Derivative or Exercise action action Derivative cisable and Security Price of Date Code Securities Expiration (Instr 3) Derivative (Month/ (Instr 8) Acquired (A) Date (Month/ Security Day/ or Disposed Day/Year) Year) of (D)(Instr 3, 4 and 5) Code V (A) (D) Date Exp- Exer- iration Cisable Date Option $15.68 10/29/02 M 1300 1300 8/31/02 2011 For Stock 7.Title and 8.Price of 9.Number of 10.Ownership form 11.Nature of Amount of Derivative Derivative of Derivative Indirect Underlying Security Securities Security: Direct Beneficial Securities (Instr 5) Beneficially (D) or Indirect(I) Ownership (Instr 3 and 4) Owned at End (Instr 4) (Instr 4) of Month (Instr 4) Title Amount or Number of shares Common Stock 1300 0* -0- D Explanation of Responses: *The reporting person received these options under the "Stock Option Incentive Equity Plan" and did not pay any monetary value for the Derivative securities; the price is stated in Column 2. /s/ L. Craig Simmons October 30, 2002 **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.