ARGAN INC — Director's Dealing 2008

Apr 9, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2008-04-07

Reporting Person: Canino Joel M (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-07	Common Stock	S	1734	$13.75	Disposed	1196704	Direct
2008-04-07	Common Stock	S	100	$13.76	Disposed	1196604	Direct
2008-04-07	Common Stock	S	100	$13.79	Disposed	1196504	Direct
2008-04-07	Common Stock	S	100	$13.81	Disposed	1196404	Direct
2008-04-07	Common Stock	S	300	$13.83	Disposed	1196104	Direct
2008-04-07	Common Stock	S	100	$13.84	Disposed	1196004	Direct
2008-04-07	Common Stock	S	300	$13.85	Disposed	1195704	Direct
2008-04-07	Common Stock	S	900	$13.87	Disposed	1194804	Direct
2008-04-07	Common Stock	S	100	$13.88	Disposed	1194704	Direct
2008-04-07	Common Stock	S	100	$13.89	Disposed	1194604	Direct
2008-04-07	Common Stock	S	700	$13.90	Disposed	1193904	Direct
2008-04-07	Common Stock	S	266	$13.91	Disposed	1193638	Direct
2008-04-07	Common Stock	S	900	$13.93	Disposed	1192738	Direct
2008-04-07	Common Stock	S	100	$13.94	Disposed	1192638	Direct
2008-04-07	Common Stock	S	1300	$13.95	Disposed	1191338	Direct
2008-04-07	Common Stock	S	500	$13.98	Disposed	1190838	Direct
2008-04-07	Common Stock	S	300	$13.99	Disposed	1190538	Direct
2008-04-07	Common Stock	S	1505	$14.00	Disposed	1189033	Direct
2008-04-07	Common Stock	S	1000	$14.01	Disposed	1188033	Direct
2008-04-07	Common Stock	S	600	$14.03	Disposed	1187433	Direct
2008-04-07	Common Stock	S	700	$14.06	Disposed	1186733	Direct
2008-04-07	Common Stock	S	100	$14.08	Disposed	1186633	Direct
2008-04-07	Common Stock	S	800	$14.09	Disposed	1185833	Direct
2008-04-07	Common Stock	S	100	$14.11	Disposed	1185733	Direct
2008-04-07	Common Stock	S	300	$14.18	Disposed	1185433	Direct
2008-04-07	Common Stock	S	100	$14.21	Disposed	1185333	Direct
2008-04-07	Common Stock	S	1200	$14.25	Disposed	1184133	Direct
2008-04-07	Common Stock	S	800	$14.28	Disposed	1183333	Direct

Footnotes

F1: Sale of shares under the 10b5-1 Plan of Joel M. Canino.