ARGAN INC — Director's Dealing 2016

Oct 28, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2016-10-26

Reporting Person: Leimkuhler William F. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-26	Common Stock	S	623	$55.40	Disposed	24377	Direct
2016-10-27	Common Stock	S	4377	$55.47	Disposed	20000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Indirect
Common Stock	1000	Indirect
Common Stock	2000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option to purchase Common Stock	$0	2026-07-01	Common Stock (45000)	45000	Direct

Footnotes

F1: On October 26, 2016, the Reporting Person sold a total of 623 shares of the Issuer's common stock on the open market at an average price of $55.40 per share.

F2: On October 27, 2016, the Reporting Person sold a total of 4,377 shares of the Issuer's common stock on the open market at an average price of $55.47 per share. As of the date of this report, the Reporting Person directly owns a total of 20,000 shares of the Issuer's common stock.

F3: The total number of stock options owned by the Reporting Person includes options to acquire 45,000 shares of the Issuer's Common Stock with Exercise Prices ranging from $17.33 to $31.82 with Dates Exercisable ranging from December 20, 2012 to January 7, 2017 and Expiration Dates ranging from December 20, 2021 to January 7, 2026. (Please refer to the Form 4's filed by the Reporting Person on December 22, 2011, December 31, 2012, December 18, 2013, December 12, 2014 and January 8, 2016 for more information.)