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: DANIELS DAN T (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-11	Tejon Ranch Co Restricted Stock Units	$41.25	A	625	Acquired		Tejon Ranch Co Common Stock (625)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Tejon Ranch Co Common Stock Options	$		Tejon Ranch Co Common Stock ()	6464	Direct

Footnotes

F1: Restricted stock units in the Tejon Ranch Nonqualified Deferred Compensation Plan, granted pursuant to the Non-Employee Director Stock Incentive Plan. 625 shares vest on December 15. 2005 Convertible to Common Stock based on director election.

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