ARGAN INC — Director's Dealing 2016

Dec 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2016-12-22

Reporting Person: Griffin William F Jr (Director, VC/CEO of Gemma Power Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-22	Common Stock	S	8230	$73.34	Disposed	347920	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option to purchase Common Stock	$18.87	2022-12-18	Common Stock (10000)	10000	Direct

Footnotes

F1: On December 22, 2016, 8,230 shares of the Issuer's common stock were sold by William F. Griffin, Jr. Revocable Trust DTD 12/09/04 (the "Revocable Trust") on the open market at the average price of $73.34 per share. Pursuant to the transaction, the amount of shares of the Issuer's common stock owned by the Revocable Trust decreased from 356,150 shares to 347,920 shares.