SEC Form 4 · accession 0000899243-16-029459
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rainer H Bosselmann
Officer — Chairman of the Board and CEO · Director
Period of report
Sep 16, 2016
Accepted (ET)
Sep 20, 2016 · 5:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000100591
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 16, 2016 | M | 10,000 | $13.64 | A | 322,901 | D | |
| Common StockF2 | Sep 16, 2016 | M | 10,000 | $8.97 | A | 332,901 | D | |
| Common StockF3 | Sep 16, 2016 | M | 10,000 | $16.47 | A | 342,901 | D | |
| Common StockF4,F5 | Sep 16, 2016 | S | 30,000 | $54.4454 | D | 312,901 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option to purchase Common StockF6 | $13.64 | Sep 16, 2016 | M | 10,000 | D | Apr 6, 2011 | Apr 6, 2020 | Common Stock | 10,000 | 195,000 | D |
| Stock Option to purchase Common StockF7 | $8.97 | Sep 16, 2016 | M | 10,000 | D | Apr 5, 2012 | Apr 5, 2021 | Common Stock | 10,000 | 185,000 | D |
| Stock Option to purchase Common StockF8 | $16.47 | Sep 16, 2016 | M | 10,000 | D | Apr 2, 2013 | Apr 2, 2022 | Common Stock | 10,000 | 175,000 | D |
Explanation of responses
- F1On September 16, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 6, 2010 to purchase 10,000 shares of the Issuer's common stock at a price of $13.64 per share.
- F2On September 16, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 5, 2011 to purchase 10,000 shares of the Issuer's common stock at a price of $8.97 per share.
- F3On September 16, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 2, 2012 to purchase 10,000 shares of the Issuer's common stock at a price of $16.47 per share.
- F4On September 16, 2016, the Reporting Person sold the 30,000 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on September 16, 2016 [see footnote 1, 2, and 3 above] on the open market at a price of $54.4454 per share.
- F52,241 shares are held by Rainer and Beverley Bosselmann, as joint tenants, and the remaining shares are held by Rainer Bosselmann.
- F6On September 16, 2016, the Reporting Person exercised his stock option to purchase 10,000 shares of the Issuer's common stock at a price of $13.64 per share [see footnote 1 above].
- F7On September 16, 2016, the Reporting Person exercised his stock option to purchase 10,000 shares of the Issuer's common stock at a price of $8.97 per share [see footnote 2 above].
- F8On September 16, 2016, the Reporting Person exercised his stock option to purchase 10,000 shares of the Issuer's common stock at a price of $16.47 per share [see footnote 3 above].