ARGAN INC — Director's Dealing 2017

Jan 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2017-01-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-25	Common Stock	M	50000	$27.09	Acquired	362901	Direct
2017-01-25	Common Stock	S	12600	$76.0471	Disposed	350301	Direct
2017-01-26	Common Stock	S	22807	$75.0644	Disposed	327494	Direct
2017-01-27	Common Stock	S	83	$75.00	Disposed	327411	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-01-25	Stock Option to purchase Common Stock	$27.09	M	50000	Disposed	2024-04-16	Common Stock (50000)	Direct

Footnotes

F1: On January 25, 2017, the Reporting Person exercised his stock option received pursuant to an agreement dated April 16, 2014 to purchase 50,000 shares of the Issuer's common stock at a price of $27.09 per share.

F2: On January 25, 2017, the Reporting Person sold 12,600 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on the same day [see footnote 1 above] on the open market at a price of $76.0471 per share.

F3: On January 26, 2017, the Reporting Person sold 22,807 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on January 25, 2017 [see footnote 1 above] on the open market at a price of $75.0644 per share.

F4: On January 27, 2017, the Reporting Person sold 83 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on January 25, 2017 [see footnote 1 above] on the open market at a price of $75.00 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: As of the date of this filing, the total number of options owned by the Reporting Person includes (a) options to acquire 25,000 shares of common stock at a price of $16.37 per share with Date Exercisable of 03/07/2014 and Expiration Date of 03/07/2023; (b) options to acquire 50,000 shares of common stock at a price of $32.68 with Date Exercisable of 04/16/2016 and Expiration Date of 04/16/2025; and (c) options to acquire 50,000 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.