ARGAN INC — Director's Dealing 2016

Oct 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2016-10-03

Reporting Person: Deily Richard H (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-10-03	Common Stock	M	2350	$16.47	Acquired	2350	Direct
2016-10-03	Common Stock	S	2350	$59.0002	Disposed	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option to purchase Common Stock	$0	2027-04-13	Common Stock (12650)	12650	Direct

Footnotes

F1: On October 3, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 2, 2012 to purchase 2,350 shares of the Issuer's common stock at a price of $16.47 per share.

F2: On October 3, 2016, the Reporting Person sold 2,350 shares of the Issuer's common stock on the open market at a price of $59.0002 per share.

F3: As of the date of this Filing, the Reporting Person does not own any share of common stock of the Issuer other than options to purchase a total of 12,650 shares of common stock, which include options to purchase 2,650 shares of common stock at the price of $16.47 per share with the date exercisable of 04/02/2013 and expiration date of 04/02/2019 and options to purchase 10,000 shares of common stock at the price of $33.85 per share with the date exercisable of 04/13/2017 and expiration date of 04/13/2027.