SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 6)(1)
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)
016230 10-4
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(CUSIP Number)
JD Alexander
Atlantic Blue Trust, Inc.
122 East Tillman Avenue
Lake Wales, Florida 33853
Telephone: (863) 679-9595
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Charles W. Mulaney, Jr., Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
333 West Wacker Drive
Chicago, Illinois 60606
Telephone: (312) 407-0700
April 28, 2006
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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 that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7 for
other parties to whom copies are sent.
(Continued on following pages)
(Page 1 of 12 Pages)
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(1) 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, as amended (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).
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CUSIP No. 016230 10-4 13D Page 2 of 12 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ATLANTIC BLUE TRUST, INC. (I.R.S. IDENTIFICATION NO. 57-1149984)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO, BK, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS |_|
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
FL
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------------------
OWNED BY
EACH 8 SHARED VOTING POWER
REPORTING 3,628,216 (See Item 5)
PERSON ------------------------------------------------
WITH
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,628,216 (See Item 5)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,624,6341 (See Item 5)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49% (See Item 5)
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14 TYPE OF REPORTING PERSON
CO
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CUSIP No. 016230 10-4 13D Page 3 of 12 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ALICO HOLDING, LLC (I.R.S. IDENTIFICATION NO. 47-0906752)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO, BK, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS |_|
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NV
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 3,628,216 (See Item 5)
REPORTING ------------------------------------------------
PERSON
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,628,216 (See Item 5)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,628,216 (See Item 5)
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
49% (See Item 5)
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TYPE OF REPORTING PERSON
14 OO
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CUSIP No. 016230 10-4 13D Page 4 of 12 Pages
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This Amendment No. 6 (this "Amendment No. 6") amends and supplements
the Schedule 13D originally filed with the Securities and Exchange Commission
on March 2, 2004, by Atlantic Blue Trust, Inc., a Florida corporation, and
Alico Holding, LLC, a Nevada limited liability company, as such original filing
was amended and supplemented by Amendment No. 1, filed on August 26, 2004,
Amendment No. 2, filed on October 15, 2004, Amendment No. 3, filed on December
22, 2004, Amendment No. 4, filed on February 3, 2005 and Amendment No. 5, filed
on March 22, 2005 (as amended, the "Schedule 13D"). Except as indicated in this
Amendment No. 6, all other information set forth in the Schedule 13D remains
unchanged and capitalized terms used herein which are not defined herein have
the meanings set forth in the Schedule 13D.
Item 2. Identity and Background
The second paragraph of Item 2 is amended and restated in its entirety
as follows:
(a) - (c), (f) The name and place of organization of each Reporting
Person is herein incorporated by reference to the responses to Items 1 and 6 on
the cover page provided for each respective Reporting Person. The name, address
and principal occupation, as applicable, of each director or executive officer
of each Reporting Person (each, a "Disclosed Party" and collectively, the
"Disclosed Parties") is set forth on Schedules 2-A and 2-B hereto. To the
knowledge of the Reporting Persons, each of the Disclosed Parties is a citizen
of the United States of America.
Item 3. Source and Amount of Funds or Consideration.
Item 3 of the Schedule 13D is hereby amended and supplemented by
adding the following paragraph at the end of Item 3:
Between September 2005 and April 28, 2006, Holding purchased 134,439
shares of Common Stock through open market transactions for an aggregate
purchase price of $6,283,212 (excluding brokerage commissions). The source of
funds for such purchases was working capital and borrowings under the
Commercial Note, dated October 4, 2004, by ABT, Tri-County Grove, LLC, Blue
Head Ranch, LLC, and Holding, as borrowers (the "Borrowers"), in favor of
SunTrust Bank, as lender (the "Commercial Note"). The Commercial Note provides
for a $10,000,000 revolving line of credit. Borrowings under the Commercial
Note bear interest at Sun Trust Bank's LIBOR rate plus 1.00%. The Commercial
Note is available for business, commercial and investment purposes, including
additional purchases of Common Stock. The Commercial Note terminates on April
5, 2008. As of April 28, 2006, an aggregate of $3,874,000 was outstanding under
the Commercial Note.
On April 28, 2006, SunTrust Bank and the Borrowers entered into a
commitment letter that provides for increasing the revolving line of credit
from $10,000,000 to $20,000,000. Following the increase in the revolving line of
credit, borrowings under the Commercial Note will bear interest at SunTrust
Bank's LIBOR rate plus 1.15%.
Item 5. Interest in Securities of the Issuer.
Subsections (a) and (c) of Item 5 of the Schedule 13D is hereby
amended and restated in its entirety as follows:
(a) According to the Issuer's quarterly report on Form 10-Q for the
quarterly period ended February 28, 2006, as filed with the Securities and
Exchange Commission on April 10, 2006, there were 7,367,369 shares of Common
Stock issued and outstanding as of April 7, 2006. As of April 28, 2006, the
Reporting Persons beneficially own, directly or indirectly, an aggregate of
3,628,216 shares of Common Stock (representing approximately 49% of the
outstanding shares of Common Stock), all of which are directly owned by
Holding.
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CUSIP No. 016230 10-4 13D Page 5 of 12 Pages
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(c) Schedule 5-C attached hereto sets forth all transactions in Common
Stock during the 60 day period ending April 28, 2006 by the Reporting Persons.
All such transactions were purchases by Holding through open market
transactions.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
Item 6 of the Schedule 13D is hereby amended and supplemented by
adding the following paragraph at the end of Item 6:
Five hundred thousand shares of Common Stock are pledged to SunTrust
Bank in connection with the Commercial Note. In connection with the increase in
the revolving line of credit from $10,000,000 to $20,000,000 as described
above, an additional 100,000 shares of Common Stock will be pledged to SunTrust
Bank.
Item 7. Material to be Filed as Exhibits.
Item 7 of the Schedule 13D is hereby amended and supplemented by
adding the following item at the end of Item 7:
99.6 Commercial Note, dated October 4, 2004, by Atlantic Blue Trust,
Inc., Tri-County Grove, LLC, Blue Head Ranch, LLC, and Alico
Holding LLC, as borrowers, in favor of SunTrust Bank, as lender.
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CUSIP No. 016230 10-4 13D Page 6 of 12 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: May 2, 2006
ATLANTIC BLUE TRUST, INC.
By: /s/ JD Alexander
--------------------------------
Name: JD Alexander
Title: President and Chief
Executive Officer
ALICO HOLDING, LLC
By: /s/ JD Alexander
--------------------------------
Name: JD Alexander
Title: Manager
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CUSIP No. 016230 10-4 13D Page 7 of 12 Pages
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SCHEDULE 2-A
ATLANTIC BLUE TRUST, INC.
Directors and Executive Officers
The name, present principal occupation, and business address of each director
and executive officer of Atlantic Blue Trust, Inc. are set forth below.
Name Principal Occupation Business Address
---- -------------------- ----------------
JD Alexander President, Atlantic Blue Trust, Inc. 122 East Tillman Avenue Lake Wales, Florida 33853
Laura Grace Educator 122 East Tillman Avenue Lake Wales, Florida 33853
Alexander
John Doxsie President, United Sugars Corporation 7401 Metro Blvd, Suite 350
Edina, MN 55439
Cliff Hinkle Chairman of the Board and CEO, Flager 111 S. Monroe Street, Suite 2000B
Holdings, Inc. Tallahassee, FL 32301
Nancy Linnan Managing Shareholder, Carlton Fields, 215 S. Monroe Street, Suite 500
P.A. Tallahassee, FL 32301-1866
Byron G. Matteson Manager of Employee Staffing Services 205 North Scenic Highway Suite 100 Frostproof,
Company Florida 33843
Cynthia Matteson Director, Atlantic Blue Trust, Inc. 122 East Tillman Avenue Lake Wales, Florida 33853
Rebecca Milligan Student 116 St. Lawrence Avenue, Worthing,
West Sussex BN14 7JL ENGLAND
James Seneff Chairman of the Board and CEO, CNL 450 S. Orange Avenue
Financial Group, Inc. Orlando, FL 32801
Robert Viguet Partner, Thompson Knight LLP 333 Clay Street, Suite 3300
Houston, TX 77002
Yvonne Bunce Corporate Secretary, Atlantic Blue 122 East Tillman Avenue Lake Wales, Florida 33853
Trust, Inc.
Kevin O'Leary Treasurer, Atlantic Blue Trust, Inc. 122 East Tillman Avenue Lake Wales, Florida 33853
Lisa Jensen Chief Operating Officer, Atlantic Blue 122 East Tillman Avenue Lake Wales, Florida 33853
Trust, Inc.
Page 8 of 12 Pages
SCHEDULE 2-B
ALICO HOLDING, LLC
Managers
The name, present principal occupation, and business address of each manager of
Alico Holding, LLC are set forth below.
Name Principal Occupation Business Address
---- -------------------- ----------------
Kristine Eppes Office Manager 2215-B Renaissance Drive
Suite 5
Las Vegas, Nevada 89119
JD Alexander President, Atlantic Blue Trust, Inc. 122 East Tillman Avenue Lake Wales, Florida 33853
Yvonne Bunce Corporate Secretary, Atlantic Blue 122 East Tillman Avenue Lake Wales, Florida 33853
Trust, Inc.
Kevin O'Leary Controller, Atlantic Blue Trust, Inc. 122 East Tillman Avenue Lake Wales, Florida 33853
Page 9 of 12 Pages
SCHEDULE 5-C
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Securities Acquired
Transaction ----------------------
Date Amount Price
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2/28/2006 445 $45.1900
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2/28/2006 100 $45.2300
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2/28/2006 169 $45.3000
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2/28/2006 47 $45.4300
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2/28/2006 928 $45.6000
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3/1/2006 200 $45.5000
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3/1/2006 100 $45.5300
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3/1/2006 100 $45.5600
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3/1/2006 105 $45.6200
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3/1/2006 295 $45.7000
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3/1/2006 100 $45.7200
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3/1/2006 198 $45.7400
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3/1/2006 91 $45.7500
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3/1/2006 500 $45.7900
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3/2/2006 57 $44.9800
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3/2/2006 300 $45.0000
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3/2/2006 343 $45.1500
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3/2/2006 300 $45.2000
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3/2/2006 100 $45.2900
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3/2/2006 289 $45.3300
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3/2/2006 300 $45.5300
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3/3/2006 200 $44.9500
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3/3/2006 100 $44.9600
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3/3/2006 97 $45.0000
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3/3/2006 3 $45.0300
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3/3/2006 50 $45.1000
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3/3/2006 200 $45.2600
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3/3/2006 239 $45.2900
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3/3/2006 800 $45.6000
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3/6/2006 666 $44.8100
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3/6/2006 150 $44.8200
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3/6/2006 150 $44.8300
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3/6/2006 100 $44.8800
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3/6/2006 97 $44.9500
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3/6/2006 3 $44.9600
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3/6/2006 500 $45.0000
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3/7/2006 266 $44.8200
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3/7/2006 633 $44.8500
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3/7/2006 261 $44.8800
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3/7/2006 100 $44.9100
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3/7/2006 100 $45.1300
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3/7/2006 500 $45.1400
------------------ ----------- ------------
Page 10 of 12 Pages
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3/8/2006 250 $44.9400
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3/8/2006 100 $44.9500
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3/8/2006 100 $45.0000
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3/8/2006 1,066 $45.0900
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3/9/2006 422 $44.8000
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3/9/2006 200 $44.8200
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3/9/2006 466 $44.8700
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3/9/2006 700 $44.8800
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3/9/2006 100 $44.9700
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3/10/2006 100 $44.2200
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3/10/2006 366 $44.3500
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4/11/2006 68 $44.8000
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4/11/2006 605 $45.0000
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4/11/2006 601 $45.0400
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4/11/2006 300 $45.0700
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4/11/2006 1,787 $45.0800
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4/11/2006 812 $45.1000
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4/12/2006 3 $45.1400
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4/12/2006 400 $45.2200
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4/12/2006 99 $45.2400
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4/12/2006 201 $45.2700
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4/12/2006 1,500 $45.2800
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4/12/2006 700 $45.3000
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4/12/2006 1,697 $45.3100
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4/13/2006 272 $44.8700
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4/13/2006 200 $44.9900
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4/13/2006 100 $45.0000
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4/13/2006 328 $45.0400
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4/13/2006 200 $45.0500
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4/13/2006 900 $45.1300
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4/13/2006 1,704 $45.1400
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4/13/2006 696 $45.1500
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4/13/2006 200 $45.1600
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4/17/2006 150 $45.0900
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4/17/2006 100 $45.1000
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4/17/2006 100 $45.1500
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4/17/2006 29 $45.1700
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4/17/2006 71 $45.1800
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4/17/2006 200 $45.1900
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4/17/2006 100 $45.2000
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4/17/2006 200 $45.2200
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4/17/2006 200 $45.2400
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4/17/2006 1,450 $45.2500
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4/17/2006 200 $45.2900
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4/17/2006 100 $45.3000
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Page 11 of 12 Pages
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4/18/2006 600 $45.3500
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4/18/2006 100 $45.3800
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4/18/2006 400 $45.4000
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4/18/2006 1,100 $45.4300
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4/18/2006 500 $45.4500
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4/18/2006 94 $45.4900
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4/18/2006 106 $45.5000
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4/19/2006 400 $45.3400
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4/19/2006 93 $45.3500
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4/19/2006 627 $45.4500
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4/19/2006 100 $45.5000
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4/19/2006 307 $45.5400
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4/19/2006 700 $45.6000
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4/19/2006 173 $45.6500
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4/19/2006 300 $45.7000
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4/19/2006 200 $45.7900
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4/20/2006 100 $45.6900
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4/20/2006 12 $45.7000
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4/20/2006 588 $45.7300
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4/20/2006 228 $45.8000
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4/20/2006 500 $45.8100
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4/20/2006 672 $45.9000
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4/20/2006 100 $45.9100
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4/20/2006 700 $45.9500
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4/21/2006 376 $46.0000
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4/24/2006 200 $47.3700
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4/24/2006 200 $47.3800
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4/24/2006 400 $47.4700
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4/24/2006 300 $47.5000
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4/24/2006 600 $47.5200
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4/24/2006 235 $47.5300
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4/24/2006 300 $47.5500
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4/24/2006 100 $47.6900
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4/24/2006 200 $47.8000
-------------------------------------------
4/24/2006 400 $47.8100
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4/24/2006 600 $47.8700
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4/24/2006 99 $47.9500
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4/24/2006 100 $47.9600
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4/24/2006 200 $48.0000
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4/25/2006 235 $48.5000
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4/25/2006 149 $48.5700
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4/25/2006 100 $48.6000
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4/25/2006 122 $48.7000
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4/25/2006 929 $48.7600
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4/25/2006 300 $48.8200
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Page 12 of 12 Pages
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4/25/2006 400 $48.9700
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4/25/2006 700 $49.0000
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4/27/2006 86 $48.9200
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4/27/2006 1,080 $48.9300
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4/27/2006 100 $48.9400
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4/27/2006 139 $49.0100
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4/27/2006 100 $49.2200
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4/27/2006 223 $49.2300
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4/27/2006 100 $49.4200
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4/28/2006 200 $48.7300
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4/28/2006 100 $48.9900
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4/28/2006 100 $49.3400
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4/28/2006 200 $49.4400
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4/28/2006 100 $49.4600
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4/28/2006 100 $49.4800
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4/28/2006 335 $49.5000
-------------------------------------------
4/28/2006 242 $49.5100
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4/28/2006 200 $49.5900
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4/28/2006 300 $49.6000
-------------------------------------------
4/28/2006 255 $49.6500
-------------------------------------------
4/28/2006 100 $49.6700
-------------------------------------------
4/28/2006 300 $49.6900
-------------------------------------------
4/28/2006 100 $49.7500
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4/28/2006 500 $49.7700
-------------------------------------------
4/28/2006 250 $49.7800
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4/28/2006 200 $49.8000
-------------------------------------------