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ARGAN INC — Director's Dealing 2016
Dec 22, 2016
31210_dirs_2016-12-22_9e47f210-1730-46ba-b4bd-e227e10841d3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2016-12-21
Reporting Person: Flanders Cynthia (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-12-21 | Common Stock | M | 5000 | $17.33 | Acquired | 17000 | Direct |
| 2016-12-21 | Common Stock | S | 5000 | $74.43 | Disposed | 12000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-12-21 | Stock Option to purchase Common Stock | $17.33 | M | 5000 | Disposed | 2021-12-20 | Common Stock (5000) | Direct |
Footnotes
F1: On December 21, 2016, the Reporting Person purchased 5,000 shares of the Issuer's common stock with an exercise price of $17.33 per share through an cashless exercise of her stock option received on December 20, 2011.
F2: On December 21, 2016, the Reporting Person sold the 5,000 shares of the Issuer's common stock which were acquired pursuant to the exercise of stock options on the same day [see footnote 1 above] on the open market at a price of $74.43 per share [see footnote 1 above].
F3: On December 21, 2016, the Reporting Person exercised her stock option with an exercise price of $17.33 per share to purchase 5,000 shares of the Issuer's common stock [see footnote 1 above].
F4: As of the date of this filing, the total number of options owned by the Reporting Person includes (a) options to acquire 10,000 shares of the Issuer's common stock at a price $18.87 with Date Exercisable of 12/18/2013 and Expiration Date of 12/18/2022, (b) options to acquire 10,000 shares of common stock at a price of $26.88 per share with Date Exercisable of 12/17/2014 and Expiration Date of 12/17/2023; (c) options to acquire 10,000 shares of common stock at a price of $31.82 with Date Exercisable of 12/11/2015 and Expiration Date of 12/11/2024; and (d) options to acquire 10,000 shares of common stock at a price of $30.44 per share with Date Exercisable of 1/7/2017 and Expiration Date of 1/7/2026.