TEJON RANCH CO — Director's Dealing 2011

Jan 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TEJON RANCH CO (TRC)
CIK: 0000096869
Period of Report: 2011-01-21

Reporting Person: ATKINSON DENNIS (Senior Vice President- Agricul)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-21	Tejon Ranch Co. Common Stock	M	2975	$20.32	Acquired	10702	Direct
2011-01-21	Tejon Ranch Co. Common Stock	S	2975	$26.50	Disposed	10702	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-21	Tejon Ranch Co. Incentive Stock Options	$20.32	M	2975	Disposed	2011-01-22	Tejon Ranch Co. Common Stock (2975)	Direct