SEC Form 4 · accession 0001104659-17-004596
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rainer H Bosselmann
Officer — Chairman of the Board & CEO · Director
Period of report
Jan 25, 2017
Accepted (ET)
Jan 27, 2017 · 5:33 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 25, 2017 | M | 50,000 | $27.09 | A | 362,901 | D | |
| Common StockF2 | Jan 25, 2017 | S | 12,600 | $76.0471 | D | 350,301 | D | |
| Common StockF3 | Jan 26, 2017 | S | 22,807 | $75.0644 | D | 327,494 | D | |
| Common StockF4,F5 | Jan 27, 2017 | S | 83 | $75.00 | D | 327,411 | 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,F6 | $27.09 | Jan 25, 2017 | M | 50,000 | D | Apr 16, 2015 | Apr 16, 2024 | Common Stock | 50,000 | 125,000 | D |
Explanation of responses
- F1On January 25, 2017, the Reporting Person exercised his stock option received pursuant to an agreement dated April 16, 2014 to purchase 50,000 shares of the Issuer's common stock at a price of $27.09 per share.
- F2On January 25, 2017, the Reporting Person sold 12,600 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on the same day [see footnote 1 above] on the open market at a price of $76.0471 per share.
- F3On January 26, 2017, the Reporting Person sold 22,807 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on January 25, 2017 [see footnote 1 above] on the open market at a price of $75.0644 per share.
- F4On January 27, 2017, the Reporting Person sold 83 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on January 25, 2017 [see footnote 1 above] on the open market at a price of $75.00 per share.
- F52,241 shares are held by Rainer and Beverley Bosselmann, as joint tenants, and the remaining shares are held by Rainer Bosselmann.
- F6As of the date of this filing, the total number of options owned by the Reporting Person includes (a) options to acquire 25,000 shares of common stock at a price of $16.37 per share with Date Exercisable of 03/07/2014 and Expiration Date of 03/07/2023; (b) options to acquire 50,000 shares of common stock at a price of $32.68 with Date Exercisable of 04/16/2016 and Expiration Date of 04/16/2025; and (c) options to acquire 50,000 shares of common stock at a price of $33.85 per share with Date Exercisable of 04/13/2017 and Expiration Date of 04/13/2026.