ARGAN INC — Director's Dealing 2016

Sep 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2016-09-26

Reporting Person: Flanders Cynthia (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-26	Common Stock	M	10000	$14.05	Acquired	22000	Direct
2016-09-26	Common Stock	S	10000	$57.2366	Disposed	12000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-26	Stock Option to purchase Common Stock	$14.05	M	10000	Disposed	2019-04-09	Common Stock (10000)	Direct

Footnotes

F1: On September 26, 2016, the Reporting Person purchased 10,000 shares of the Issuer's common stock with an exercise price of $14.05 per share through an cashless exercise of her stock option received pursuant to an agreement dated April 9, 2010.

F2: On September 26, 2016, the Reporting Person sold the 10,000 shares of the Issuer's common stock which were acquired pursuant to the exercise of stock options on September 26, 2016 [see footnote 1 above] on the open market at a price of $57.2366 per share.

F3: On September 26, 2016, the Reporting Person exercised her stock option with an exercise price of $14.05 per share to purchase 10,000 shares of the Issuer's common stock [see footnote 1 above].

F4: The total number of 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.