ARGAN INC — Director's Dealing 2016

Sep 20, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2016-09-16

Reporting Person: BOSSELMANN RAINER H (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-16	Common Stock	M	10000	$13.64	Acquired	322901	Direct
2016-09-16	Common Stock	M	10000	$8.97	Acquired	332901	Direct
2016-09-16	Common Stock	M	10000	$16.47	Acquired	342901	Direct
2016-09-16	Common Stock	S	30000	$54.4454	Disposed	312901	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-16	Stock Option to purchase Common Stock	$13.64	M	10000	Disposed	2020-04-06	Common Stock (10000)	Direct
2016-09-16	Stock Option to purchase Common Stock	$8.97	M	10000	Disposed	2021-04-05	Common Stock (10000)	Direct
2016-09-16	Stock Option to purchase Common Stock	$16.47	M	10000	Disposed	2022-04-02	Common Stock (10000)	Direct

Footnotes

F1: On September 16, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 6, 2010 to purchase 10,000 shares of the Issuer's common stock at a price of $13.64 per share.

F2: On September 16, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 5, 2011 to purchase 10,000 shares of the Issuer's common stock at a price of $8.97 per share.

F3: On September 16, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 2, 2012 to purchase 10,000 shares of the Issuer's common stock at a price of $16.47 per share.

F4: On September 16, 2016, the Reporting Person sold the 30,000 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on September 16, 2016 [see footnote 1, 2, and 3 above] on the open market at a price of $54.4454 per share.

F5: 2,241 shares are held by Rainer and Beverley Bosselmann, as joint tenants, and the remaining shares are held by Rainer Bosselmann.

F6: On September 16, 2016, the Reporting Person exercised his stock option to purchase 10,000 shares of the Issuer's common stock at a price of $13.64 per share [see footnote 1 above].

F7: On September 16, 2016, the Reporting Person exercised his stock option to purchase 10,000 shares of the Issuer's common stock at a price of $8.97 per share [see footnote 2 above].

F8: On September 16, 2016, the Reporting Person exercised his stock option to purchase 10,000 shares of the Issuer's common stock at a price of $16.47 per share [see footnote 3 above].