TEJON RANCH CO — Director's Dealing 2004

Apr 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEJON RANCH CO (TRC)
CIK: 0000096869
Period of Report: 2004-04-16

Reporting Person: STINE ROBERT A (President / CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-16	Tejon Ranch Company Common Stock	G	425	$36.18	Disposed	17684	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-16	Tejon Ranch Company Common Stock	$	G	425	Disposed		Tejon Ranch Company Common Stock (425)	Direct

Footnotes

F1: These shares are in the name of Robert A. and Betty C. Stine, as trustees for the Stine Family Trust.

F2: Transfer of 425 shares as a gift.