SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
ALICO, INC.
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(Name of Issuer)
Common Stock, Par Value $1.00 Per Share
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(Title of Class of Securities)
016230104
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(CUSIP Number)
Donna H. Respress, 700 South Scenic Highway
Frostproof, Florida 33843 (863) 635-2251
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 2, 2001
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(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 which is the subject of this Schedule 13D, and is filing
this Schedule because of ss.ss.240.13d-(e), 240.13d-1f 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 ss.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 (the "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).
(Page 1 of 6 pages)
CUSIP NO. 01630104
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(1) Name of Individual Reporting Person and Social BEN HILL GRIFFIN III
Security No.
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(2) Check the Appropriate Box if a Member of a Group (a)
(See Instructions)
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(b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) OO
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(5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization UNITED STATES
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Number of Shares (7) Sole Voting Power 22,064
Beneficially --------------------------------------------------------
Owned by Each
Reporting Person (8) Shared Voting Power 3,577,126
With --------------------------------------------------------
(9) Sole Dispositive Power 22,064
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(10) Shared Dispositive Power 3,577,126
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(11) Aggregate Amount Beneficially Owned by Each 3,599,190
Reporting Person
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(12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
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(13) Percent of Class Represented by Amount of Row (11) 51.09%
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(14) Type of Reporting Person (See Instructions) IN
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(Page 2 of 6 pages)
CUSIP NO. 01630104
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(1) Name of Entity Reporting Person and BEN HILL GRIFFIN, INC.
I. R. S. Identification No.
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(2) Check the Appropriate Box if a Member of a Group (a)
(See Instructions)
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(b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) OO
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(5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization FLORIDA
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Number of Shares (7) Sole Voting Power
Beneficially --------------------------------------------------------
Owned by Each
Reporting Person (8) Shared Voting Power 3,493,777
With --------------------------------------------------------
(9) Sole Dispositive Power
--------------------------------------------------------
(10) Shared Dispositive Power 3,493,777
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(11) Aggregate Amount Beneficially Owned by Each
Reporting Person 3,493,777
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(12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
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(13) Percent of Class Represented by Amount of Row (11) 49.59%
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(14) Type of Reporting Person (See Instructions) CO
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(Page 3 of 6 pages)
CUSIP NO. 01630104
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(1) Name of Entity Reporting Person and BEN HILL GRIFFIN INVESTMENTS, INC.
I. R. S. Identification No.
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(2) Check the Appropriate Box if a Member of a Group
(See Instructions) (a)
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(b)
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(3) SEC Use Only
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(4) Source of Funds (See Instructions) OO
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(5) Check if Disclosure of Legal Proceedings is
Required Pursuant to Items 2(d) or 2(e)
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(6) Citizenship or Place of Organization NEVADA
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Number of Shares (7) Sole Voting Power 3,493,777
Beneficially --------------------------------------------------------
Owned by Each
Reporting Person (8) Shared Voting Power
With --------------------------------------------------------
(9) Sole Dispositive Power 3,493,777
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(10) Shared Dispositive Power
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(11) Aggregate Amount Beneficially Owned by 3,493,777
Each Reporting Person
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(12) Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
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(13) Percent of Class Represented by Amount of Row (11) 49.59%
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(14) Type of Reporting Person (See Instructions) CO
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(Page 4 of 6 pages)
CUSIP NO. 01630104
INTRODUCTION
This statement on Schedule 13D (the "STATEMENT") constitutes Amendment
No. 3 to the filing of an original Schedule 13D undertaken by each of Ben Hill
Griffin III ("BHGIII"), Ben Hill Griffin, Inc. ("BHGI") and Ben Hill Griffin
Investments, Inc. ("BHG INVESTMENTS") (collectively the "REPORTING PERSONS"), as
of November 12, 1997, in connection with a transfer by BHGI, a corporation
indirectly controlled by BHGIII, to BHG Investments, a corporation wholly owned
by BHGI, of 3,493,777 shares of the common stock, par value $1.00 per share, of
Alico, Inc., a Florida corporation ("ALICO"), completed on November 5, 1997.
Amendment No. 1 was filed on October 1, 2001 for the principal purpose of
reporting upon the status of a civil suit (The Four Sisters Protectorate, et al
v. Ben Hill Griffin, III, Trustee, Polk County, Florida Circuit Court, Case No.
GC-G-0054, Section 81) (the "Suit") that had been filed in January 2000 against
BHG III by the families of his four sisters, most of the members of which are
beneficiaries of a trust, entitled the Ben Hill Griffin, Jr. Revocable
Intervivos Trust #1 (the "TRUST"). The Suit had sought the imposition of
judicial sanctions, including BHG III's removal as trustee of the Trust, and
asserted as grounds for such demands allegations of over-compensation and
receipt of an illegal bonus. As reported in such Amendment, trial of the Suit
was commenced in late March 2001, but was suspended shortly thereafter so that
the parties might engage, at the court's direction, in further mediation which
resulted in the execution of a Settlement Agreement, dated as of March 29, 2001.
The Amendment further disclosed the terms of the Settlement Agreement; that, as
of May 14, 2001, Harriett G. Harris (BHGIII's sister), George W. Harris, Jr.,
her spouse, and their lineal descendants (collectively the "HARRIS FAMILY") had
filed a motion with the Court seeking to have the same declared invalid and
unenforceable which, in turn, led BHG, as trustee, to move for its enforcement;
and that such motion was considered by the court in a bench trial setting that
commenced on October 3, 2001.
Amendment No. 2 was filed on October 8, 2001 to report that as of
October 5, the court had tentatively ruled in favor of the Settlement
Agreement's validity and enforceability as to all parties, including the Harris
Family, and had indicated that a final written order would be issued at a later
date.
The Reporting Persons are filing this Amendment No. 3 together as a group
pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as
amended.
ITEM 1. SECURITY AND ISSUER
Previous disclosure unchanged
ITEM 2. IDENTITY AND BACKGROUND.
Previous disclosure unchanged
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Previous disclosure unchanged
ITEM 4. PURPOSE OF TRANSACTION.
Previous disclosure unchanged
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Previous disclosure unchanged
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER
On Friday, November 2, 2001, the court issued its written Judgment
Enforcing Settlement Agreement Obtained at Court-Ordered Mediation, affirming
its oral bench ruling that the Settlement Agreement is valid,
(Page 5 of 6 pages)
CUSIP NO. 01630104
binding and enforceable as to all parties to the action, including each member
of the Harris Family, and ordering and affirmatively enjoining the Harris Family
to specifically perform the terms of the Settlement Agreement by acting in good
faith and in a timely and reasonable manner to execute and deliver all documents
reasonable necessary to implement and close the transactions contemplated by the
Settlement Agreement. If such Judgment is appealed, as the Reporting Persons
believe to be likely, BHG III expects to pursue further negotiations with
representatives of the Harris Family to effect a timely consummation of the
transactions contemplated by the Settlement Agreement, assuming such appeal to
result in a judgment affirming the circuit court's ruling.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Previous disclosure unchanged
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each of the undersigned certifies that the information
set forth in this statement is true, complete and correct.
/s/ Ben Hill Griffin
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Ben Hill Griffin III
BEN HILL GRIFFIN, INC.
By: /s/ Ben Hill Griffin III
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Ben Hill Griffin III, Chief Executive Officer
BEN HILL GRIFFIN INVESTMENTS, INC.
By: /s/ Ben Hill Griffin III
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Ben Hill Griffin, President
November 9, 2001
(Page 6 of 6 pages)