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. 3)(1) ALICO, INC. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $1.00 per share ------------------------------------------------------------------------------- (Title of Class of Securities) 016230 10-4 ------------------------------------------------------------------------------- (CUSIP Number) John R. Alexander Atlantic Blue Trust, Inc. 122 East Tillman Avenue Lake Wales, Florida 33853 Telephone: (863) 679-9595 ------------------------------------------------------------------------------- (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 December 16, 2004 ------------------------------------------------------------------------------- (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 4 Pages) ______________ (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). ----------------------------- ----------------------- CUSIP No. 016230 10-4 13D Page 2 of 4 Pages ----------------------------- ----------------------- ------------------------------------------------------------------------------- 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) ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS |_| REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION FL ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ----------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 3,493,777 (See Item 5) REPORTING ----------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,493,777 (See Item 5) ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,493,777 (See Item 5) ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 47.7% (See Item 5) ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ------------------------------------------------------------------------------- ----------------------------- ----------------------- CUSIP No. 016230 10-4 13D Page 3 of 4 Pages ----------------------------- ----------------------- ------------------------------------------------------------------------------- 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) ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) |_| ------------------------------------------------------------------------------- 3 SEC USE ONLY ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS |_| REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION NV ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 0 BENEFICIALLY ----------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 3,493,777 (See Item 5) REPORTING ----------------------------------------------- PERSON WITH 9 SOLE DISPOSITIVE POWER 0 ----------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,493,777 (See Item 5) ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,493,777 (See Item 5) ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 47.7% (See Item 5) ------------------------------------------------------------------------------- TYPE OF REPORTING PERSON 14 OO ------------------------------------------------------------------------------- ----------------------------- ----------------------- CUSIP No. 016230 10-4 13D Page 4 of 4 Pages ----------------------------- ----------------------- This Amendment No. 3 (this "Amendment No. 3") 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, and Amendment No. 2, filed on October 15, 2004 (as amended, the "Schedule 13D"). Except as indicated in this Amendment No. 3, 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 4. Purpose of Transaction. Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following paragraph at the end of Item 4: On December 16, 2004, representatives and principals of National Land Partners met with the chair of the special committee of the Issuer's board of directors and representatives of ABT and ABT's stockholders. The purpose of the meeting was to discuss National Land Partners' proposal to acquire the Issuer. At the conclusion of the meeting, the representatives of ABT and its stockholders advised National Land Partners and the special committee that neither ABT nor any of ABT's stockholders would be interested in selling the shares of the Issuer's common stock held by ABT at the price offered by National Land Partners or even at a substantially higher price. On December 21, 2004, National Land Partners announced that it will not proceed with a transaction to acquire the Issuer without the support of ABT and its stockholders. In light of this announcement and ABT's unequivocal position that its shares of the Issuer are not for sale, ABT believes that National Land Partners does not have an outstanding proposal to acquire the Issuer. Item 5. Interest in Securities of the Issuer. Subsection (a) of Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) According to the Issuer's annual report on Form 10-K for the fiscal year ended August 31, 2004, as filed with the Securities and Exchange Commission on November 15, 2004, there were 7,319,357 shares of Common Stock issued and outstanding on November 3, 2004. The Reporting Persons beneficially own, directly or indirectly, an aggregate of 3,493,777 shares of Common Stock (representing approximately 47.7% of the outstanding shares of Common Stock), all of which are directly owned by Holding. 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: December 21, 2004 ATLANTIC BLUE TRUST, INC. By: /s/ John R. Alexander -------------------------- Name: John R. Alexander Title: President ALICO HOLDING, LLC By: /s/ John R. Alexander -------------------------- Name: John R. Alexander Title: Manager