Alico, Inc. Annual report pursuant to section 13 and 15(d)

Annual report pursuant to section 13 and 15(d)

Treasury Stock

Treasury Stock

12 Months Ended

Sep. 30, 2011

Note 11. Treasury Stock

Effective November 1, 2008, the Company's Board of Directors authorized the repurchase of up to 350,000 shares of the Company's common stock through November 1, 2013 for the purpose of funding restricted stock grants under its 2008 Plan, which was approved by shareholders on February 20, 2009. Prior to November 2008, Alico provided incentives under its 1998 Plan, and was authorized to purchase up to 650,000 shares. The stock repurchases began in November 2005 and can be made on a quarterly basis until November 1, 2013, through open market transactions at times and in such amounts as the Company's broker determines subject to the provisions of SEC Rule 10b-18.

The following table provides information relating to purchases of the Company's common shares on the open market pursuant to the 2008 Plan for the following fiscal years:


Fiscal period ended	Total number of shares purchased		Average price paid per share		Total shares purchased as part of publicly announced plan or program		Total dollar value of shares purchased
	(Dollars in thousands, except share data)
September 30, 2011		48,280	$	24.96		168,984	$	1,205
September 30, 2010		23,466	$	26.74		120,704	$	628
September 30, 2009		25,500	$	36.63		97,238	$	934

The following table outlines the Company's treasury stock transactions during the past two fiscal years:


	Shares			Cost
	(Dollars in thousands, except share data)
Balance September 30, 2009		1,905		$	52
Purchases		23,466			628
Issuances		(17,905	)		(508	)

Balance September 30, 2010		7,466			172
Purchases		48,280			1,205
Issuances		(19,030	)		(465	)
Retired		(2,123	)		(50	)

Balance September 30, 2011		34,593		$	862

- Definition

Tabular disclosure of an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation.

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