ARGAN INC — Director's Dealing 2009

May 22, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2009-05-20

Reporting Person: Griffin William F Jr (VC of Gemma Power Systems, LLC, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-20	Common Stock	S	100	$13.79	Disposed	1126542	Direct
2009-05-20	Common Stock	S	600	$13.89	Disposed	1125942	Direct
2009-05-20	Common Stock	S	300	$13.76	Disposed	1125642	Direct
2009-05-20	Common Stock	S	200	$13.84	Disposed	1125442	Direct
2009-05-20	Common Stock	S	100	$13.87	Disposed	1125342	Direct
2009-05-20	Common Stock	S	100	$13.68	Disposed	1125242	Direct
2009-05-20	Common Stock	S	300	$13.58	Disposed	1124942	Direct
2009-05-20	Common Stock	S	200	$13.67	Disposed	1124742	Direct
2009-05-20	Common Stock	S	200	$13.56	Disposed	1124542	Direct
2009-05-20	Common Stock	S	300	$13.57	Disposed	1124242	Direct
2009-05-20	Common Stock	S	200	$13.60	Disposed	1124042	Direct
2009-05-20	Common Stock	S	300	$13.52	Disposed	1123742	Direct
2009-05-20	Common Stock	S	100	$13.535	Disposed	1123642	Direct
2009-05-20	Common Stock	S	200	$13.53	Disposed	1123442	Direct
2009-05-20	Common Stock	S	100	$13.545	Disposed	1123342	Direct
2009-05-20	Common Stock	S	200	$13.50	Disposed	1123142	Direct

Footnotes

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