ARGAN INC — Director's Dealing 2017

Apr 7, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2017-04-06

Reporting Person: Watson David Hibbert (SVP & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-06	Stock Option to purchase Common Stock	$64.25	A	40000	Disposed	2027-04-06	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1350	Direct

Footnotes

F1: On April 6, 2017, the Reporting Person received 10-year options to purchase 40,000 shares of the Issuer's common stock with an exercise price of $64.25 per share.

F2: As of the date of this filing, the total number of options owned by the Reporting Person includes (a) options to acquire 10,000 shares of common stock at a price of $33.85 per share with Date Exercisable of 04/13/2017 and Expiration Date of 04/13/2026; (b) options to acquire 30,000 shares of common stock at a price of $41.68 with Date Exercisable of 06/23/2017 and Expiration Date of 06/23/2026; and (c) options to acquire 40,000 shares of common stock at a price of $64.25 per share with Date Exercisable of 04/06/2018 and Expiration Date of 04/06/2027.