ARGAN INC — Director's Dealing 2011

Feb 15, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

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

Reporting Person: SCOTT RICHARD L (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	662200	Indirect
Common Stock	336933	Indirect
Common Stock	673867	Indirect

Footnotes

F1: Prior to October 15, 2010, the Reporting Person beneficially owned 1,750,000 shares of Common Stock of the Issuer, as a result of its ownership of Argan Investments, LLC, which owned 1,750,000 shares of Common Stock of the Issuer. On October 15, 2010 and November 9, 2010, Argan Investments, LLC collectively distributed all of its 1,750,000 shares of Common Stock of the Issuer to its members as a result of its dissolution and liquidation. As a result of these distributions and because 77,000 shares of Common Stock were distributed to members of Argan Investments, LLC which are not controlled by or affiliated with the Reporting Person, the Reporting Person now beneficially owns 1,673,000 shares of Common Stock of the Issuer.