ARGAN INC — Director's Dealing 2019

Dec 26, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2019-12-23

Reporting Person: Koilpillai Mano S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-23	Stock Option to Purchase Common Stock	$40.15	A	10000	Acquired	2029-12-23	Common Stock (10000)	Direct

Footnotes

F1: On December 23, 2019 (the "Grant Date"), the Reporting Person received 10-year options, vesting ratably over three years on each anniversary date from the Grant Date, to purchase 10,000 shares of the Issuer's common stock with an exercise price of $40.15 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 $42.31 per share with Date Exercisable beginning on 9/10/2020 and Expiration Date of 9/10/2029; and (b) options to acquire 10,000 shares of common stock at a price of $40.15 per share with Date Exercisable beginning on 12/23/2020 and Expiration Date of 12/23/2029.