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ARGAN INC Director's Dealing 2010

Mar 22, 2010

31210_dirs_2010-03-22_eed0ef54-55c8-487b-ac4c-94f0baec1b83.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2010-01-31

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-10-16 Common Stock G 432052 Disposed 0 Indirect
2009-12-14 Common Stock G 325000 Acquired 913650 Indirect
2009-07-16 Common Stock G 325000 Disposed 610689 Indirect
2009-12-22 Common Stock G 25000 Disposed 585689 Indirect
2009-12-22 Common Stock G 25000 Disposed 560689 Indirect
2009-12-22 Common Stock G 25000 Disposed 535689 Indirect
2009-12-22 Common Stock G 25000 Disposed 510689 Indirect
2009-12-22 Common Stock G 25000 Disposed 485689 Indirect
2010-01-07 Common Stock G 130000 Disposed 33650 Indirect
2010-01-27 Common Stock G 12500 Disposed 21150 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 750000 Indirect

Footnotes

F1: Gift of shares from the William F. Griffin, Jr. GRAT DTD 9/11/07.

F2: Excludes 263,650 shares previously owned indirectly by the William F. Griffin, Jr. GRAT DTD 9/11/07, which were transferred to the William F. Griffin, Jr. Revocable Trust U/A DTD 12/9/04 on October 16, 2009.

F3: Gift of shares to the William F. Griffin, Jr. Revocable Trust U/A DTD 12/9/04.

F4: Includes 263,650 shares previously owned indirectly by the William F. Griffin, Jr. GRAT DTD 9/11/07, which were transferred to the William F. Griffin, Jr. Revocable Trust U/A DTD 12/9/04 on October 16, 2009.

F5: Gift of shares from the Joel M. Canino Revocable Trust, for which William F. Griffin, Jr. is a co-trustee.

F6: Gift of shares from the William F. Griffin, Jr. Revocable Trust U/A DTD 12/9/04.

F7: Excludes 750,000 shares previously owned indirectly by the William F. Griffin, Jr. Revocable Trust U/A DTD 12/9/04, which were transferred to the William F. Griffin, Jr. GRAT U/A DTD 11/16/09 on December 24, 2009.

F8: Gift of shares from the William F. Griffin, Jr. Revocable Trust U/A DTD 12/9/04.

F9: 750,000 shares previously owned indirectly by the William F. Griffin, Jr. Revocable Trust U/A DTD 12/9/04, which were transferred to the William F. Griffin, Jr. GRAT U/A DTD 11/16/09 on December 24, 2009.