TEJON RANCH CO — Director's Dealing 2006

May 31, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEJON RANCH CO (TRC)
CIK: 0000096869
Period of Report: 2005-05-30

Reporting Person: STINE ROBERT A (Director, President / CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-30	Tejon Ranch Co. Common Stock	A	30144	$42.40	Acquired	49822	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Tejon Ranch Co. Restricted Stock Units	$		Tejon Ranch Common Stock ()	12587	Direct
Tejon Ranch Co. Incentive Stock Option	$		Tejon Ranch Common Stock ()	408637	Direct

Footnotes

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

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