ARGAN INC — Director's Dealing 2003

May 2, 2003

4/A 1 form4.htm RAINER H. BOSSELMANN Form 4/A

| FORM 4 Check this box if no
longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See instruction 1(b). | U.S. Securities and Exchange Commission Washington, DC
20549 STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP | | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility Holding company Act of
1935 or Section 30(f) of the Investment company act of
1940 | | | | | | | | | |
| 1.Name and Address of Reporting Person* Bosselmann
Rainer H. | 2.Issuer Name and Ticker or Trading Symbol Puroflow Incorporated - PFLW | | | | | | 6.Relationship of Reporting Person to Issuer (Check all
applicable) | | | |
| (Last) (First) (Middle) 16715
Thurston Road | 3. IRS identification Number of Reporting Person, if an entity
(voluntary) | | | 4.Statement for Month/Day/Year 04/30/03 | | | ___ X _ Director ___ X _ Officer (give
title) Chairman and CEO | | ___ X _ 10% Owner _____ Other (Specify) | |
| (Street) Dickerson
MD 20842 | | | | 5.If Amendment, Date of Original (Month/Day/Year) 01/03/03 | | | 7.Individual or Joint/Group Filing (Check applicable
line) X Form filed by one Reporting Person Form
filed by more than one Reporting Person | | | |
| (City) (State) (Zip) | Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned | | | | | | | | | |
| 1.Title of Security (Instr. 3) | 2.Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, of any (Month/Day/Year) | 3.Transaction Code- (Instr. 8) | | 4. Securities Acquired (A) or Disposed of
(D) (Instr. 3, 4 and 5) | | | 5.Amount of Securities Benefi-cially Owned Following Reported
Transaction(s) (Instr. 3 and 4) | 6.Ownership Form: Direct (D) Indirect (I) (Instr.
4) | 7.Nature of Indirect Beneficial Ownership (Instr.
4) |
| | | | Code | V | Amount | (A) or(D) | Price | | | |
| Common Stock | 04/29/03 | | P | | 238,710 | A | $7.75 | 238,710 | D | |
| Common Stock | | | | | | | | 23,850 | I | Spouse |

*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)

| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (M/D/Y) | | 5. Number of Derivative Securities Acquired (A) or disposed of (D)
(Instr. 3,4,5) | | 6. Date Exercisable and Expiration Date (M/D/Y) | | 7. Title and Amount of Underlying Securities (Instr. 3,4) | | 9. Number of Derivative Securities Beneficially Owned Following
Reported Transaction(s) (Insr. 4) | 10. Ownership Form of Derivative Securities Beneficially Owned at end
of month Direct (D) or Indirect (I) (Instr. 4) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of shares | | |
| Warrants | $7.75 | 01/09/03 | | 120,000 | x | | | | $7.75 | 60,000 | D |

Explanation of Responses: The warrants granted to the Bosselmann Group were allocated 60,000 each to Rainer Bosselmann, H. Haywood Miller and Arthur F. Trudel and held directly, solely and beneficially by each.

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. /s/ Rainer H. Bosselman n ** Signature of Reporting Person May 2, 2003 Date