Peter W. Getsinger - 16 Dec 2022 Form 4 Insider Report for ARGAN INC (AGX)

Reporting relationship: Director
Issuer ticker: AGX
Reported as of: 16 Dec 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 20 Dec 2022, 15:15:56 UTC
Prior SEC filing: 16 Dec 2021
Next SEC filing: 18 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Peter W. Getsinger

Key filing fact

Peter W. Getsinger filed Form 4 for ARGAN INC (AGX) on 20 Dec 2022.

Key facts

This page summarizes Peter W. Getsinger's Form 4 filing for ARGAN INC (AGX).
2 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 20 Dec 2022, 15:15.

Change

Previous filing in this sequence was filed on 16 Dec 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AGX transaction Derivative

Option to Purchase Common Stock

Award

Transaction value: $0
Shares: +5,000
Change %: +8.1%
Price: $0.000000
Shares after: 67,000
Date: 16 Dec 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,000
Exercise price: $35.72
Footnotes: F1, F2, F3

AGX transaction Derivative

Time-Based Restricted Stock Units

Award

Transaction value: $0
Shares: +1,750
Change %: +100%
Price: $0.000000
Shares after: 3,500
Date: 16 Dec 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,750
Exercise price: $0.000000
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

As of the date of this filing, the Reporting Person owns options to purchase (a) 7,000 shares of common stock at a price of $30.44 per share with initial Date Exercisable of 01/07/2017 and Expiration Date of 01/07/2026; (b) 10,000 shares of common stock at a price of $71.75 per share with initial Date Exercisable of 01/05/2018 and Expiration Date of 01/05/2027; (c) 10,000 shares of common stock at a price of $46 35 per share with initial Date Exercisable of 1/11/2019 and Expiration Date of 1/11/2028; (d) 10,000 shares of common stock at a price of $41.19 per share with initial Date Exercisable on 12/12/2019 and Expiration Date of 12/12/2028; (e) 10,000 shares of common stock at a price of $40.15 per share with initial Date Exercisable on 12/23/2020 and Expiration Date of 12/23/2029; (f) 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;

Footnote F3

(g) 5,000 shares of common stock at a price of $37.13 per share with initial Date Exercisable of 12/14/2022 and Expiration Date of 12/14/2031; and (h) 5,000 shares of common stock at a price of $35.72 per share with initial Date Exercisable of 12/16/2023 and Expiration Date of 12/16/2032. All stock options are subject to the aforementioned three-year ratable vesting schedule except those awarded prior to January 2018 which vested fully on the first anniversary of the date of award.

Footnote F4

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.

Footnote F5

As of the date of this filing, the total number of TBRSUs beneficially owned by the Reporting P erson 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.