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ARGAN INC Director's Dealing 2009

Apr 23, 2009

31210_dirs_2009-04-23_7e09b20c-5f9d-42bf-b480-298b56594900.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGAX)
CIK: 0000100591
Period of Report: 2009-04-21

Reporting Person: DESOTO JORDAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-04-21	Common Stock	M	5600	$2.65	Acquired	5600	Direct
2009-04-21	Common Stock	S	101	$14.23	Disposed	5499	Direct
2009-04-21	Common Stock	S	100	$14.22	Disposed	5399	Direct
2009-04-21	Common Stock	S	201	$14.21	Disposed	5198	Direct
2009-04-21	Common Stock	S	198	$14.20	Disposed	5000	Direct
2009-04-21	Common Stock	S	1395	$14.17	Disposed	3605	Direct
2009-04-21	Common Stock	S	200	$14.13	Disposed	3405	Direct
2009-04-21	Common Stock	S	1	$14.12	Disposed	3404	Direct
2009-04-21	Common Stock	S	7	$14.11	Disposed	3397	Direct
2009-04-21	Common Stock	S	8	$14.10	Disposed	3389	Direct
2009-04-21	Common Stock	S	300	$14.04	Disposed	3089	Direct
2009-04-21	Common Stock	S	3089	$14.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-04-21	Stock Option to Purchase Common Stock	$2.65	M	5600	Acquired	2016-06-21	Common Stock (5600)	Direct