SEC Form 4 · accession 0001104659-17-003387
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cynthia Flanders
Director
Period of report
Jan 19, 2017
Accepted (ET)
Jan 20, 2017 · 5:29 pm 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 19, 2017 | M | 10,000 | $18.87 | A | 22,000 | D | |
| Common StockF2 | Jan 19, 2017 | S | 10,000 | $70.6711 | 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 StockF1,F3 | $18.87 | Jan 19, 2017 | M | 10,000 | D | Dec 18, 2013 | Dec 18, 2022 | Common Stock | 10,000 | 30,000 | D |
Explanation of responses
- F1On January 19, 2017, the Reporting Person purchased 10,000 shares of the Issuer's common stock with an exercise price of $18.87 per share through an cashless exercise of her stock option received on December 18, 2012.
- F2On January 19, 2017, 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 the same day [see footnote 1 above] on the open market at a price of $70.67114 per share.
- F3As 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 common stock at a price of $26.88 per share with Date Exercisable of 12/17/2014 and Expiration Date of 12/17/2023; (b) 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 (c) 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.