SEC Form 4 · accession 0001104659-17-001618
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H Deily
Officer — Vice President
Period of report
Jan 6, 2017
Accepted (ET)
Jan 10, 2017 · 7:00 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 | Jan 6, 2017 | M | 2,650 | $16.47 | A | 2,650 | D | |
| Common StockF2 | Jan 6, 2017 | S | 2,650 | $72.0075 | D | 0 | 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 | $33.85 | holding | — | — | — | Apr 13, 2017 | Apr 13, 2026 | Common Stock | 10,000 | 10,000 | D |
Explanation of responses
- F1On January 6, 2017, the Reporting Person exercised his stock option received pursuant to an agreement dated April 2, 2012 to purchase 2,650 shares of the Issuer's common stock at a price of $16.47 per share.
- F2On January 6, 2017, the Reporting Person sold 2,650 shares of the Issuer's common stock on the open market at a price of $72.0075 per share.
- F3As of the date of this Filing, the Reporting Person does not own any share of common stock of the Issuer other than options to purchase a total of 10,000 shares of common stock at the price of $33.85 per share with the date exercisable of 04/13/2017 and expiration date of 04/13/2026. (Note: In the Form 4's previously filed by the Reporting Person on April 15, 2016, July 14, 2016, September 19, 2016 and October 4, 2016, there included an inadvertent typo regarding the expiration date of the options as 04/13/2027.)