ARGAN INC — Director's Dealing 2009

May 28, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2009-05-21

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
2009-05-21	Common Stock	S	600	$13.50	Disposed	1122542	Direct
2009-05-21	Common Stock	S	1400	$13.51	Disposed	1121142	Direct
2009-05-21	Common Stock	S	482	$13.52	Disposed	1120660	Direct
2009-05-21	Common Stock	S	200	$13.525	Disposed	1120460	Direct
2009-05-21	Common Stock	S	3298	$13.53	Disposed	1117162	Direct
2009-05-21	Common Stock	S	811	$13.54	Disposed	1116351	Direct
2009-05-21	Common Stock	S	100	$13.55	Disposed	1116251	Direct
2009-05-21	Common Stock	S	100	$13.57	Disposed	1116151	Direct
2009-05-21	Common Stock	S	100	$13.58	Disposed	1116051	Direct
2009-05-21	Common Stock	S	100	$13.59	Disposed	1115951	Direct
2009-05-21	Common Stock	S	100	$13.60	Disposed	1115851	Direct
2009-05-21	Common Stock	S	100	$13.61	Disposed	1115751	Direct
2009-05-21	Common Stock	S	700	$13.62	Disposed	1115051	Direct
2009-05-21	Common Stock	S	900	$13.63	Disposed	1114151	Direct
2009-05-21	Common Stock	S	400	$13.64	Disposed	1113751	Direct
2009-05-21	Common Stock	S	149	$13.67	Disposed	1113602	Direct
2009-05-21	Common Stock	S	400	$13.71	Disposed	1113202	Direct
2009-05-21	Common Stock	S	400	$13.72	Disposed	1112802	Direct
2009-05-21	Common Stock	S	1000	$13.73	Disposed	1111802	Direct
2009-05-21	Common Stock	S	700	$13.74	Disposed	1111102	Direct
2009-05-21	Common Stock	S	400	$13.75	Disposed	1110702	Direct
2009-05-21	Common Stock	S	100	$13.77	Disposed	1110602	Direct
2009-05-21	Common Stock	S	100	$13.81	Disposed	1110502	Direct
2009-05-21	Common Stock	S	2300	$13.82	Disposed	1108202	Direct
2009-05-21	Common Stock	S	167	$13.83	Disposed	1108035	Direct
2009-05-21	Common Stock	S	100	$13.84	Disposed	1107935	Direct
2009-05-21	Common Stock	S	200	$13.85	Disposed	1107735	Direct
2009-05-21	Common Stock	S	200	$13.855	Disposed	1107535	Direct
2009-05-21	Common Stock	S	200	$13.86	Disposed	1107335	Direct
2009-05-21	Common Stock	S	1700	$13.87	Disposed	1105635	Direct

Footnotes

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