SEC Form 4 · accession 0001209191-15-050943
ARGAN INC · AGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian R Sherras
Director
Period of report
May 29, 2015
Accepted (ET)
Jun 8, 2015 · 2:38 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 StockF2,F1 | May 29, 2015 | P$0 | 27,965 | — | A | 27,965 | I | By Electrigen Limited |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Sherras is a 50% owner and director of Electrigen Limited ("Electrigen"); therefore, Mr. Sherras may be deemed to indirectly beneficially own the shares owned by Electrigen.
- F2Electrigen acquired the common stock of Issuer in exchange for Electrigen's ownership interest in Atlantic Projects Company Limited having an estimated value of $917,531.65.
Remarks
Mr. Sherras directly owns stock options to purchase 45,000 shares of common stock.