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TEJON RANCH CO Director's Dealing 2007

Apr 14, 2007

32894_dirs_2007-04-13_b24dc0c1-41fc-4e0c-ba31-66e87619f8ac.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEJON RANCH CO (TRC)
CIK: 0000096869
Period of Report: 2007-04-13

Reporting Person: DREW JOSEPH E (Sr. Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-04-13 Tejon Ranch Co Common Stock M 6000 $23.55 Acquired 10522 Direct
2007-04-13 Tejon Ranch Co Common Stock S 6000 $48.35 Disposed 10522 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-04-13 Tejon Ranch Co. Incentive Stock Options $23.55 M 6000 Disposed 2011-12-13 Tejon Ranch Co Common Stock (6000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Tejon Ranch Co Common Stock 0 Direct