ARGAN INC — Director's Dealing 2009

Apr 24, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2009-04-23

Reporting Person: DESOTO JORDAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-04-23	Common Stock	M	1800	$2.65	Acquired	1800	Direct
2009-04-23	Common Stock	S	400	$13.47	Disposed	1400	Direct
2009-04-23	Common Stock	S	100	$13.42	Disposed	1300	Direct
2009-04-23	Common Stock	S	100	$13.41	Disposed	1200	Direct
2009-04-23	Common Stock	S	100	$13.405	Disposed	1100	Direct
2009-04-23	Common Stock	S	1100	$13.40	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-04-23	Stock Option to Purchase Common Stock	$2.65	M	1800	Acquired	2016-06-21	Common Stock (1800)	Direct