TEJON RANCH CO — Director's Dealing 2005

Jan 13, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEJON RANCH CO (TRC)
CIK: 0000096869
Period of Report: 2005-01-11

Reporting Person: GOOLSBY JOHN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-11	Tejon Ranch Co Common Stock	A	364	$41.52	Acquired	3069	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Tejon Ranch Co. Common Stock Options	$		Tejon Ranch Co. Common Stock (0)	10391	Direct

Footnotes

F1: Restricted stock awarded under the Non-Employee Director Stock Incentive Plan. 690 shares vest on March 26, 2005, 364 shares vest on December 15, 2005.

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