ARGAN INC — Director's Dealing 2006

Jun 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGAX)
CIK: 0000100591
Period of Report: 2006-06-21

Reporting Person: QUINN JAMES W (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-06-21	Stock Option to Purchase Common Stock	$2.65	A	10000	Acquired	2016-06-21	Common Stock (10000)	Direct

Footnotes

F1: The Option becomes exercisable six months from the date of grant.