SEC Form 4 · accession 0001104659-16-146809
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia Flanders
Director
Period of report
Sep 26, 2016
Accepted (ET)
Sep 27, 2016 · 4:04 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 26, 2016 | M | 10,000 | $14.05 | A | 22,000 | D | |
| Common StockF2 | Sep 26, 2016 | S | 10,000 | $57.2366 | D | 12,000 | 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 StockF3,F4 | $14.05 | Sep 26, 2016 | M | 10,000 | D | Apr 10, 2010 | Apr 9, 2019 | Common Stock | 10,000 | 45,000 | D |
Explanation of responses
- F1On September 26, 2016, the Reporting Person purchased 10,000 shares of the Issuer's common stock with an exercise price of $14.05 per share through an cashless exercise of her stock option received pursuant to an agreement dated April 9, 2010.
- F2On September 26, 2016, the Reporting Person sold the 10,000 shares of the Issuer's common stock which were acquired pursuant to the exercise of stock options on September 26, 2016 [see footnote 1 above] on the open market at a price of $57.2366 per share.
- F3On September 26, 2016, the Reporting Person exercised her stock option with an exercise price of $14.05 per share to purchase 10,000 shares of the Issuer's common stock [see footnote 1 above].
- F4The total number of options owned by the Reporting Person includes options to acquire 45,000 shares of the Issuer's Common Stock with Exercise Prices ranging from $17.33 to $31.82 with Dates Exercisable ranging from December 20, 2012 to January 7, 2017 and Expiration Dates ranging from December 20, 2021 to January 7, 2026.