MITCHELL W G CHAMPION 4
4 · ARGAN INC · Filed Dec 21, 2021
Insider Transaction Report
Form 4
ARGAN INCAGX
MITCHELL W G CHAMPION
Director
Transactions
- Award
Option to Purchase Common Stock
2021-12-14+5,000→ 51,667 totalExercise: $37.13From: 2022-12-14Exp: 2031-12-14→ Common Stock (5,000 underlying) - Award
Time-Based Restricted Stock Units
2021-12-14+1,750→ 1,750 totalExercise: $0.00From: 2024-12-14Exp: 2024-12-14→ Common Stock (1,750 underlying)
Holdings
- 13,333(indirect: By LLC)
Common Stock
- 7,500(indirect: By LLC)
Common Stock
Footnotes (4)
- [F1]On December 14, 2021, the Reporting Person received 10-year options to purchase 5,000 shares of the Issuer's Common Stock at an exercise price of $37.13 per share. The options will vest ratably over three years on each anniversary of the grant date beginning on 12/14/2022.
- [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 $71.75 per share with initial Date Exercisable of 1/5/2018 and Expiration Date of 1/5/2027; (b) 6,667 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; (c) 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; (d) 10,000 shares of common stock at a price of $40.15 per share with an initial Date Exercisable of 12/23/2020 and Expiration Date of 12/23/2029; (e) 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; and
- [F3](i) 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. 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.
- [F4]On December 14, 2021, 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 12/14/2024.