X0306 4 2017-01-25 0 0000100591 ARGAN INC AGX 0001028546 BOSSELMANN RAINER H 16715 THURSTON ROAD DICKERSON MD 20842 1 1 0 0 Chairman of the Board & CEO Common Stock 2017-01-25 4 M 0 50000 27.09 A 362901 D Common Stock 2017-01-25 4 S 0 12600 76.0471 D 350301 D Common Stock 2017-01-26 4 S 0 22807 75.0644 D 327494 D Common Stock 2017-01-27 4 S 0 83 75.00 D 327411 D Stock Option to purchase Common Stock 27.09 2017-01-25 4 M 0 50000 0.00 D 2015-04-16 2024-04-16 Common Stock 50000 125000 D On January 25, 2017, the Reporting Person exercised his stock option received pursuant to an agreement dated April 16, 2014 to purchase 50,000 shares of the Issuer's common stock at a price of $27.09 per share. On January 25, 2017, the Reporting Person sold 12,600 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on the same day [see footnote 1 above] on the open market at a price of $76.0471 per share. On January 26, 2017, the Reporting Person sold 22,807 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on January 25, 2017 [see footnote 1 above] on the open market at a price of $75.0644 per share. On January 27, 2017, the Reporting Person sold 83 shares of the Issuer's common stock which were acquired pursuant the exercise of stock options on January 25, 2017 [see footnote 1 above] on the open market at a price of $75.00 per share. 2,241 shares are held by Rainer and Beverley Bosselmann, as joint tenants, and the remaining shares are held by Rainer Bosselmann. As of the date of this filing, the total number of options owned by the Reporting Person includes (a) options to acquire 25,000 shares of common stock at a price of $16.37 per share with Date Exercisable of 03/07/2014 and Expiration Date of 03/07/2023; (b) options to acquire 50,000 shares of common stock at a price of $32.68 with Date Exercisable of 04/16/2016 and Expiration Date of 04/16/2025; and (c) options to acquire 50,000 shares of common stock at a price of $33.85 per share with Date Exercisable of 04/13/2017 and Expiration Date of 04/13/2026. /s/ Rainer H. Bosselmann 2017-01-27