ARGAN INC — Director's Dealing 2021

Apr 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARGAN INC (AGX)
CIK: 0000100591
Period of Report: 2021-04-26

Reporting Person: Koilpillai Mano S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-26	Common Stock	M	2631	$40.15	Acquired	2631	Direct
2021-04-26	Common Stock	S	2631	$50.16	Disposed	0	Direct
2021-04-27	Common Stock	M	702	$40.15	Acquired	702	Direct
2021-04-27	Common Stock	S	522	$49.94	Disposed	180	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-26	Stock Option to Purchase Common Stock	$40.15	M	2631	Disposed	2029-12-23	Common Stock (2631)	Direct
2021-04-27	Stock Option to Purchase Common Stock	$40.15	M	702	Disposed	2029-12-23	Common Stock (702)	Direct

Footnotes

F1: On April 26, 2021, the Reporting Person exercised her stock option received on December 23, 2019 to purchase 2,631 shares of the Issuer's common stock at a price of $40.15 per share.

F2: On April 26, 2021, the Reporting Person sold 2,631 shares of common stock on the open market at an average price of $50.16 per share.

F3: On April 27, 2021, the Reporting Person exercised her stock option received on December 23, 20219 to purchase 702 shares of the Issuer's common stock at a price of $40.15 per share.

F4: On April 27, 2021 the Reporting Person sold 522 shares of common stock on the open market at an average price of $49.94 per share.

F5: As of the date of this filing, the Reporting Person owns options to purchase (a) 10,000 shares of common stock at a price of $42.31 per share with initial Date Exercisable of 9/10/2020 and Expiration Date of 9/10/2029; (b) 6,667 shares of common stock at a price of $40.15 per share with initial Date Exercisable of 12/23/2020 and Expiration Date of 12/23/2029; and (c) 10,000 shares of common stock at a price of $45.75 per share with initial Date Exercisable of 12/14/2021 and Expiration Date of 12/14/2030, all of which vest ratably over three years on the anniversary of each grant date.