4//SEC Filing
MITCHELL W G CHAMPION 4
Accession 0001415889-22-012848
CIK 0000100591other
Filed
Dec 19, 7:00 PM ET
Accepted
Dec 20, 4:15 PM ET
Size
9.9 KB
Accession
0001415889-22-012848
Insider Transaction Report
Form 4
ARGAN INCAGX
MITCHELL W G CHAMPION
Director
Transactions
- Award
Option to Purchase Common Stock
2022-12-16+5,000→ 56,667 totalExercise: $35.72From: 2023-12-16Exp: 2032-12-16→ Common Stock (5,000 underlying) - Award
Time-Based Restricted Stock Units
2022-12-16+1,750→ 3,500 totalExercise: $0.00From: 2025-12-16Exp: 2025-12-16→ Common Stock (1,750 underlying)
Footnotes (5)
- [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 $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; (f) 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
- [F3](g) 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 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 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.
- [F5]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.
Documents
Issuer
ARGAN INC
CIK 0000100591
Entity typeother
Related Parties
1- filerCIK 0001204823
Filing Metadata
- Form type
- 4
- Filed
- Dec 19, 7:00 PM ET
- Accepted
- Dec 20, 4:15 PM ET
- Size
- 9.9 KB