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: CADWALADER CRAIG (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-10	Tejon Ranch Co. Common Stock	A	329	$45.30	Acquired	329	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Tejon Ranch Co Restricted Stock Units	$		Tejon Ranch Co. Common Stock (0)	1721	Direct

Footnotes

F1: Restricted stock awarded under the Non-employee Director Stock Incentive Plan. 329 shares vest on December 15, 2006

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