SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TRUDEL ARTHUR F

(Last)

(First)

(Middle)

8704 HARNESS TRAIL

(Street)

POTOMAC

20854

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [ AGX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President and CFO

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/28/2009		P⁽¹⁾		19,571	A	$2.15	29,571	D
Common Stock	07/28/2009		S		19,571	D	$15	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		300	A	$2.15	10,300	D
Common Stock	07/28/2009		S		300	D	$15.005	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		700	A	$2.15	10,700	D
Common Stock	07/28/2009		S		700	D	$15.01	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		700	A	$2.15	10,700	D
Common Stock	07/28/2009		S		700	D	$15.02	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		308	A	$2.15	10,308	D
Common Stock	07/28/2009		S		308	D	$15.2	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		200	A	$2.15	10,200	D
Common Stock	07/28/2009		S		200	D	$15.27	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		100	A	$2.15	10,100	D
Common Stock	07/28/2009		S		100	D	$15.285	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		315	A	$2.15	10,315	D
Common Stock	07/28/2009		S		315	D	$15.29	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		600	A	$2.15	10,600	D
Common Stock	07/28/2009		S		600	D	$15.3	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		400	A	$2.15	10,400	D
Common Stock	07/28/2009		S		400	D	$15.31	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		5,600	A	$2.15	15,600	D
Common Stock	07/28/2009		S		5,600	D	$15.32	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		3,800	A	$2.15	13,800	D
Common Stock	07/28/2009		S		3,800	D	$15.34	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		1,900	A	$2.15	11,900	D
Common Stock	07/28/2009		S		1,900	D	$15.345	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		300	A	$2.15	10,300	D
Common Stock	07/28/2009		S		300	D	$15.355	10,000	D
Common Stock	07/28/2009		P⁽¹⁾		200	A	$2.15	10,200	D
Common Stock	07/28/2009		S		200	D	$15.37	10,000	D

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Purchase Common Stock	$2.15	07/28/2007		X			19,571	07/28/2009	04/19/2016	Common Stock	19,571	$2.15	155,429	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			300	07/28/2009	04/19/2016	Common Stock	300	$2.15	155,129	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			700	07/28/2009	04/19/2016	Common Stock	700	$2.15	154,429	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			700	07/28/2009	04/19/2016	Common Stock	700	$2.15	153,729	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			308	07/28/2009	04/19/2016	Common Stock	308	$2.15	153,421	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			200	07/28/2009	04/19/2016	Common Stock	200	$2.15	153,221	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			100	07/28/2009	04/19/2016	Common Stock	100	$2.15	153,121	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			315	07/28/2009	04/19/2016	Common Stock	315	$2.15	152,806	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			600	07/28/2009	04/19/2016	Common Stock	600	$2.15	152,206	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			400	07/28/2009	04/19/2016	Common Stock	400	$2.15	151,806	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			5,600	07/28/2009	04/19/2016	Common Stock	5,600	$2.15	146,206	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			3,800	07/28/2009	04/19/2016	Common Stock	3,800	$2.15	142,406	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			1,900	07/28/2009	04/19/2016	Common Stock	1,900	$2.15	140,506	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			300	07/28/2009	04/19/2016	Common Stock	300	$2.15	140,206	D
Option to Purchase Common Stock	$2.15	07/28/2007		X			200	07/28/2009	04/19/2016	Common Stock	200	$2.15	140,006	D

Explanation of Responses:

1. Exercise of stock options.

	/s/ Arthur F. Trudel	07/30/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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