ARGAN INC — Director's Dealing 2007

Jan 17, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGAX)
CIK: 0000100591
Period of Report: 2006-12-22

Reporting Person: Thomas Kevin (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-22	Common Stock	S	960000	$4.25	Disposed	715829	Direct

Footnotes

F1: Mr. Thomas sold 960,000 shares of common stock in a private transaction.