TEJON RANCH CO — Director's Dealing 2006

Jan 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEJON RANCH CO (TRC)
CIK: 0000096869
Period of Report: 2006-01-10

Reporting Person: SNYDER KENT G (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-10	Tejon Ranch Co Restricted Stock Units	$45.30	A	730	Acquired		Tejon Ranch Common (730)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Tejon Ranch Co. Common Stock Options	$		Tejon Ranch Common Stock (12639)	12639	Direct

Footnotes

F1: Restricted stock units in the Tejon Ranch Nonqualied Deferred Compensation Plan, granted pursuant to the Non-Employee Director Stock Incentive Plan.

730 shares vest on December 15, 2006. Convertible to Common Stock based on director election.

F2: No new stock option were granted; this line for information purposes only.