Mano S. Koilpillai - Dec 16, 2022 Form 4 Insider Report for ARGAN INC (AGX)

Role
Director
Signature
/s/ Mano S. Koilpillai
Stock symbol
AGX
Transactions as of
Dec 16, 2022
Transactions value $
$0
Form type
4
Date filed
12/20/2022, 03:15 PM
Previous filing
Dec 16, 2021
Next filing
Dec 18, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AGX Option to Purchase Common Stock Award $0 +5K +15.79% $0.00 36.7K Dec 16, 2022 Common Stock 5K $35.72 Direct F1, F2
transaction AGX Time-Based Restricted Stock Units Award $0 +1.75K +100% $0.00 3.5K Dec 16, 2022 Common Stock 1.75K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 16, 2022, the Reporting Person received 10-year options to purchase 5,000 shares of the Issuer's Common Stock at an exercise price of $35.72 per share. The options will vest ratably over three years on each anniversary of the grant date beginning on 12/16/2023.
F2 As of the date of this filing, the Reporting Person owns options to purchase (a) 10,000 shares of common stock at a price of $42.31 per share with initial Date Exercisable of 9/10/2020 and Expiration Date of 9/10/2029; (b) 6,667 shares of common stock at a price of $40.15 per share with initial Date Exercisable of 12/23/2020 and Expiration Date of 12/23/2029; (c) 10,000 shares of common stock at a price of $45.75 per share with initial Date Exercisable of 12/14/2021 and Expiration Date of 12/14/2030; (d) 5,000 shares of common stock at a price of $37.13 per share with an initial Date Exercisable of 12/14/2022 and Expiration Date of 12/14/2031; and (e) 5,000 shares of common stock at a price of $35.72 per share with an initial Date Exercisable of 12/16/2023 and Expiration date of 12/16/2032; all of which vest ratably over three years on the anniversary of each grant date.
F3 On December 16, 2022, the Reporting Person was granted Time-Based Restricted Stock Units (the "TBRSUs") covering 1,750 shares of common stock. The TBRSUs will vest in their entirety on the third anniversary of the grant date on 12/16/2025.
F4 As of the date of this filing, the total number of TBRSUs beneficially owned by the Reporting Person includes (a) 1,750 shares of TBRSUs granted on December 14, 2021 and (b) 1,750 shares of TBRSUs granted on December 16, 2022. All are to vest in their entirety on the third anniversary of their respective grant date.