SEC Form 4 · accession 0001104659-16-163350
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia Flanders
Director
Period of report
Dec 21, 2016
Accepted (ET)
Dec 22, 2016 · 7:56 am EST
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 | Dec 21, 2016 | M | 5,000 | $17.33 | A | 17,000 | D | |
| Common StockF2 | Dec 21, 2016 | S | 5,000 | $74.43 | 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 | $17.33 | Dec 21, 2016 | M | 5,000 | D | Dec 20, 2012 | Dec 20, 2021 | Common Stock | 5,000 | 40,000 | D |
Explanation of responses
- F1On December 21, 2016, the Reporting Person purchased 5,000 shares of the Issuer's common stock with an exercise price of $17.33 per share through an cashless exercise of her stock option received on December 20, 2011.
- F2On December 21, 2016, the Reporting Person sold the 5,000 shares of the Issuer's common stock which were acquired pursuant to the exercise of stock options on the same day [see footnote 1 above] on the open market at a price of $74.43 per share [see footnote 1 above].
- F3On December 21, 2016, the Reporting Person exercised her stock option with an exercise price of $17.33 per share to purchase 5,000 shares of the Issuer's common stock [see footnote 1 above].
- F4As of the date of this filing, the total number of options owned by the Reporting Person includes (a) options to acquire 10,000 shares of the Issuer's common stock at a price $18.87 with Date Exercisable of 12/18/2013 and Expiration Date of 12/18/2022, (b) options to acquire 10,000 shares of common stock at a price of $26.88 per share with Date Exercisable of 12/17/2014 and Expiration Date of 12/17/2023; (c) options to acquire 10,000 shares of common stock at a price of $31.82 with Date Exercisable of 12/11/2015 and Expiration Date of 12/11/2024; and (d) options to acquire 10,000 shares of common stock at a price of $30.44 per share with Date Exercisable of 1/7/2017 and Expiration Date of 1/7/2026.