ARGAN INC 4
4 · ARGAN INC · Filed Dec 12, 2006
Insider Transaction Report
Form 4
ARGAN INCAGAX
LEVINSON DANIEL
Director10% Owner
Transactions
- Purchase
Common Stock
2006-12-08$3.75/sh+533,333$1,999,999→ 1,373,270 total(indirect: See Footnote)
Footnotes (1)
- [F1]On December 8, 2006, Argan, Inc., issued (i) 92,793 shares of its common stock to MSR I SBIC, L.P. ("SBIC") and (ii) 440,540 shares of its common stock to MSR Fund II, L.P. ("Fund II") pursuant to a certain Stock Purchase Agreement dated as of December 8, 2006. SBIC and Fund II are entities controlled by Daniel Levinson. Accordingly, Mr. Levinson may be deemed to beneficially own: (i) 879,730 shares of common stock held by SBIC (including the 92,793 shares issued to SBIC on December 8, 2006); (ii) 440,540 shares of common stock held by Fund II; (iii) 3,000 shares of common stock held by Tri-Lev LLC; and (iv) 50,000 shares of common stock underlying warrants held by MSR Advisors, Inc.