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: 2009-05-26

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
2009-05-26	Common Stock	S	100	$14.07	Disposed	1085497	Direct
2009-05-26	Common Stock	S	100	$14.01	Disposed	1085397	Direct
2009-05-26	Common Stock	S	100	$14.10	Disposed	1085297	Direct
2009-05-26	Common Stock	S	300	$14.02	Disposed	1084997	Direct
2009-05-26	Common Stock	S	200	$14.035	Disposed	1084797	Direct
2009-05-26	Common Stock	S	200	$14.045	Disposed	1084597	Direct
2009-05-26	Common Stock	S	200	$14.09	Disposed	1084397	Direct
2009-05-26	Common Stock	S	200	$14.075	Disposed	1084197	Direct
2009-05-26	Common Stock	S	400	$14.20	Disposed	1083797	Direct
2009-05-26	Common Stock	S	10112	$14.00	Disposed	1073685	Direct
2009-05-26	Common Stock	S	400	$14.08	Disposed	1073285	Direct
2009-05-27	Common Stock	S	300	$14.00	Disposed	1072985	Direct

Footnotes

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