ARGAN INC — Director's Dealing 2009

Jul 29, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2009-07-27

Reporting Person: BOSSELMANN RAINER H (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-07-27	Common Stock	P	11300	$2.65	Acquired	273860	Direct
2009-07-27	Common Stock	S	11300	$15.42	Disposed	262560	Direct
2009-07-28	Common Stock	P	3600	$2.65	Acquired	263860	Direct
2009-07-28	Common Stock	S	3600	$15.18	Disposed	262560	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-27	Option to Purchase Common Stock	$2.65	X	11300	Disposed	2016-06-21	Common Stock (11300)	Direct
2007-07-28	Option to Purchase Common Stock	$2.65	X	3600	Disposed	2016-06-21	Common Stock (3600)	Direct

Footnotes

F1: Exercise of stock options.

F2: 23,850 shares of common stock are owned by Mr. Bosselmann's wife (of which Mr. Bosselmann disclaims beneficial ownership).