SEC Form 4 · accession 0001104659-17-023828
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hibbert Watson
Officer — SVP & CFO
Period of report
Apr 13, 2017
Accepted (ET)
Apr 17, 2017 · 7:36 pm EDT
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 | Apr 13, 2017 | M | 2,554 | $33.85 | A | 3,904 | D | |
| Common StockF2 | Apr 13, 2017 | S | 2,204 | $66.00 | D | 1,700 | D | |
| Common StockF3 | Apr 17, 2017 | M | 7,446 | $33.85 | A | 9,146 | D | |
| Common StockF4 | Apr 17, 2017 | S | 6,446 | $65.07 | D | 2,700 | 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 | $33.85 | Apr 13, 2017 | M | 2,554 | D | Apr 13, 2017 | Apr 13, 2026 | Common Stock | 2,554 | 77,446 | D |
| Stock Option to purchase Common StockF3,F5 | $33.85 | Apr 17, 2017 | M | 7,446 | D | Apr 13, 2017 | Apr 13, 2026 | Common Stock | 7,446 | 70,000 | D |
Explanation of responses
- F1On April 13, 2017, the Reporting Person exercised his stock option received on April 13, 2016 to purchase 2,554 shares of the Issuer's common stock at a price of $33.85 per share.
- F2On April 13, 2017, the Reporting Person sold 2,204 shares of the Issuer's common stock on the open market at an average price of $66.00 per share.
- F3On April 17, 2017, the Reporting Person exercised his stock option received on April 13, 2016 to purchase 7,446 shares of the Issuer's common stock at a price of $33.85 per share.
- F4On April 17, 2017, the Reporting Person sold 6,446 shares of the Issuer's common stock on the open market at an average price of $65.07 per share.
- F5As of the date of this filing, the total number of options owned by the Reporting Person includes (a) options to acquire 30,000 shares of common stock at a price of $41.68 with Date Exercisable of 06/23/2017 and Expiration Date of 06/23/2026; and (b) options to acquire 40,000 shares of common stock at a price of $64.25 per share with Date Exercisable of 04/06/2018 and Expiration Date of 04/06/2027.