TEJON RANCH CO — Director's Dealing 2005

Mar 7, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEJON RANCH CO (TRC)
CIK: 0000096869
Period of Report: 2005-03-07

Reporting Person: STACK GEOFFREY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-07	Tejon Ranch Co. Common Stock	J	667	$52.85	Disposed	2091	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-07	Tejon Ranch Co. Common Stock Unites	$52.85	J	667	Disposed		Tejon Ranch Common Stock (667)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Tejon Ranch Co. Common Stock Options	$		Tejon Ranch Common Stock ()	8249	Direct

Footnotes

F1: Conversion of 667 shares of restricted stock awarded under the Non-Employee Director Stock Incentive Plan to restricted stock units in the Tejon Ranch Nonqualified Deferred Compensation Plan. 333 Shares vest on March 26,2006 and 334 shares vest on March 26,2007. Convertible to common stock based on Director election.

F2: No new stock options were granted. This is for information and update purposes only.