SEC Form 4 · accession 0001104659-17-000767
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William F Griffin Jr.
Officer — VC/CEO of Gemma Power Systems · Director
Period of report
Dec 27, 2016
Accepted (ET)
Jan 5, 2017 · 7:53 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 27, 2016 | S | 3,200 | $73.18 | D | 344,720 | I | By William F. Griffin, Jr. Revocable Trust DTD 12/09/04 |
| Common StockF2 | Jan 4, 2017 | S | 13,570 | $73.0583 | D | 331,150 | I | By William F. Griffin, Jr. Revocable Trust DTD 12/09/04 |
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 Stock | $18.87 | holding | — | — | — | Dec 18, 2013 | Dec 18, 2022 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1On December 27, 2016, 3,200 shares of the Issuer's common stock were sold by William F. Griffin, Jr. Revocable Trust DTD 12/09/04 (the "Revocable Trust") on the open market at the average price of $73.18 per share. Pursuant to the transaction, the amount of shares of the Issuer's common stock owned by the Revocable Trust decreased from 347,920 shares to 344,720 shares.
- F2On January 4, 2017, 13,570 shares of the Issuer's common stock were sold by the Revocable Trust on the open market at the average price of $73.0583 per share. Pursuant to the transaction, the amount of shares of the Issuer's common stock owned by the Revocable Trust decreased from 344,720 shares to 331,150 shares.