X0306 4 2016-06-22 0 0000100591 ARGAN INC AGX 0001545247 Martin Daniel L C/O GEMMA POWER SYSTEMS, LLC, 769 HEBRON AVENUE GLASTONBURY CT 06033 0 1 0 0 President, Gemma Power Systems Common Stock 2016-06-22 4 M 0 15000 15.66 A 20094 D On June 22, 2016, the Reporting Person exercised his stock option received pursuant to an agreement dated April 3, 2013 to purchase 15,000 shares of the Issuer's common stock at a price of $15.66 per share. As of the date of this Filing, the Reporting Person no longer owns any options to purchase common stock of the Issuer. /s/ Daniel L. Martin 2016-06-24