ARGAN INC — Director's Dealing 2016

Jul 14, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2016-07-13

Reporting Person: Deily Richard H (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-13	Common Stock	M	7000	$15.66	Acquired	7000	Direct
2016-07-13	Common Stock	S	7000	$46.78	Disposed	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option to purchase Common Stock	$33.85	2027-04-13	Common Stock (10000)	10000	Direct
Stock Option to purchase Common Stock	$27.09	2024-04-16	Common Stock (10000)	10000	Direct
Stock Option to purchase Common Stock	$16.47	2019-04-02	Common Stock (5000)	5000	Direct

Footnotes

F1: On July 13, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 3, 2013 to purchase 7,000 shares of the Issuer's common stock at a price of $15.66 per share.

F2: On July 13, 2016, the Reporting Person sold 7,000 shares of the Issuer's common stock on the open market at a price of $46.78 per share. 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 25,000 shares of common stock.