Sec Form 4 Filing - Griffin William F Jr @ ARGAN INC - 2016-12-27

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Griffin William F Jr
2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VC/CEO of Gemma Power Systems
(Last) (First) (Middle)
C/O GEMMA POWER SYSTEMS, LLC,, 769 HEBRON AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
12/27/2016
(Street)
GLASTONBURY, CT06033
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/27/2016 S 3,200 ( 1 ) D $ 73.18 344,720 I By William F. Griffin, Jr. Revocable Trust DTD 12/09/04
Common Stock 01/04/2017 S 13,570 ( 2 ) D $ 73.0583 331,150 I By William F. Griffin, Jr. Revocable Trust DTD 12/09/04
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option to purch ase Common Stock $ 18.87 12/18/2013 12/18/2022 Common Stock 10,000 10,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Griffin William F Jr
C/O GEMMA POWER SYSTEMS, LLC,
769 HEBRON AVENUE
GLASTONBURY, CT06033
X VC/CEO of Gemma Power Systems
Signatures
/s/ William F. Griffin, Jr. 01/05/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On December 27, 2016, 3,200 shares of the Issuer's common stock were sold by William F. Griffin, Jr. Revocable Trust DTD 12/09/04 (the "Revocable Trust") on the open market at the average price of $73.18 per share. Pursuant to the transaction, the amount of shares of the Issuer's common stock owned by the Revocable Trust decreased from 347,920 shares to 344,720 shares.
( 2 )On January 4, 2017, 13,570 shares of the Issuer's common stock were sold by the Revocable Trust on the open market at the average price of $73.0583 per share. Pursuant to the transaction, the amount of shares of the Issuer's common stock owned by the Revocable Trust decreased from 344,720 shares to 331,150 shares.

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