Stock Performance Graph The graph below represents our common stock performance, comparing the value of $100 invested on September 30, 2014 in our common stock, the S&P 500 Index, the S&P Agricultural Products Index and a Company-constructed peer group, which includes Forestar Group, Inc., Limoneira Company, The St. Joe Company, Tejon Ranch Co. and Texas Pacific Land Trust. INDEXED RETURNS (Includes reinvestment of dividends) None. Recent Sale of Unregistered Securities 20 Base Period Sept 14  Years Ending Company Name / Index Sept 15 Sept 16 Sept 17 Sept 18 Sept 19 Alico, Inc. 100 107.08 71.44 91.56 91.33 92.66 S&P 500 Index 100 99.39 114.72 136.07 160.44 167.27 S&P Agricultural Products Index 100 86.00 99.15 101.54 114.41 96.77 Peer Group 100 82.07 99.66 134.39 219.29 174.48