ARGAN INC — Director's Dealing 2008

Jul 25, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2008-07-22

Reporting Person: Griffin William F Jr (Vice Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-22	Common Stock	S	165	$17.33	Disposed	1300169	Direct
2008-07-22	Common Stock	S	300	$17.28	Disposed	1299869	Direct
2008-07-22	Common Stock	S	230	$17.30	Disposed	1299639	Direct
2008-07-22	Common Stock	S	1200	$17.29	Disposed	1298439	Direct
2008-07-22	Common Stock	S	500	$17.45	Disposed	1297939	Direct
2008-07-22	Common Stock	S	200	$17.50	Disposed	1297739	Direct
2008-07-22	Common Stock	S	100	$17.44	Disposed	1297639	Direct
2008-07-22	Common Stock	S	100	$17.47	Disposed	1297539	Direct
2008-07-22	Common Stock	S	600	$17.40	Disposed	1296939	Direct
2008-07-22	Common Stock	S	100	$17.35	Disposed	1296839	Direct
2008-07-22	Common Stock	S	2846	$17.26	Disposed	1293993	Direct
2008-07-22	Common Stock	S	700	$17.27	Disposed	1293293	Direct
2008-07-22	Common Stock	S	100	$17.3025	Disposed	1293193	Direct
2008-07-22	Common Stock	S	14570	$17.25	Disposed	1278623	Direct
2008-07-22	Common Stock	S	300	$17.32	Disposed	1278323	Direct
2008-07-22	Common Stock	S	100	$17.36	Disposed	1278223	Direct
2008-07-22	Common Stock	S	100	$17.455	Disposed	1278123	Direct
2008-07-22	Common Stock	S	100	$17.605	Disposed	1278023	Direct
2008-07-22	Common Stock	S	100	$17.6025	Disposed	1277923	Direct
2008-07-22	Common Stock	S	200	$17.64	Disposed	1277723	Direct
2008-07-22	Common Stock	S	200	$17.75	Disposed	1277523	Direct
2008-07-22	Common Stock	S	600	$17.59	Disposed	1276923	Direct
2008-07-22	Common Stock	S	200	$17.61	Disposed	1276723	Direct
2008-07-22	Common Stock	S	100	$17.545	Disposed	1276623	Direct
2008-07-22	Common Stock	S	100	$17.57	Disposed	1276523	Direct
2008-07-22	Common Stock	S	500	$17.77	Disposed	1276023	Direct
2008-07-22	Common Stock	S	289	$17.86	Disposed	1275734	Direct
2008-07-22	Common Stock	S	200	$18.28	Disposed	1275534	Direct
2008-07-22	Common Stock	S	200	$18.15	Disposed	1275334	Direct
2008-07-22	Common Stock	S	1500	$17.51	Disposed	1273834	Direct

Footnotes

F1: Sale of shares under the 10b5-1 Plan of William F. Griffin, Jr.