ARGAN INC — Director's Dealing 2017

Jan 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2017-01-06

Reporting Person: Deily Richard H (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-06	Common Stock	M	2650	$16.47	Acquired	2650	Direct
2017-01-06	Common Stock	S	2650	$72.0075	Disposed	0	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option to purchase Common Stock	$33.85	2026-04-13	Common Stock (10000)	10000	Direct

Footnotes

F1: On January 6, 2017, the Reporting Person exercised his stock option received pursuant to an agreement dated April 2, 2012 to purchase 2,650 shares of the Issuer's common stock at a price of $16.47 per share.

F2: On January 6, 2017, the Reporting Person sold 2,650 shares of the Issuer's common stock on the open market at a price of $72.0075 per share.

F3: 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 10,000 shares of common stock at the price of $33.85 per share with the date exercisable of 04/13/2017 and expiration date of 04/13/2026. (Note: In the Form 4's previously filed by the Reporting Person on April 15, 2016, July 14, 2016, September 19, 2016 and October 4, 2016, there included an inadvertent typo regarding the expiration date of the options as 04/13/2027.)