ARGAN INC — Director's Dealing 2006

Aug 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGAX)
CIK: 0000100591
Period of Report: 2005-12-08

Reporting Person: Thomas Kevin (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-08	Common Stock	J	74537	$7.75	Disposed	1675829	Direct

Footnotes

F1: The shares received December 8, 2005 represented additional shares due and payable under the terms of the letter agreement dated July 5, 2005 between Mr. Thomas and the Company, entered into in connection with the Merger Agreement dated August 31, 2004, concerning the calculation of additional consideration, less shares issued to Mr. Thomas' advisors.