|
UNITED STATES |
|
|
SECURITIES AND EXCHANGE COMMISSION |
|
|
Washington, D.C. 20549 |
|
|
|
|
SCHEDULE 13G
Under
the Securities Exchange Act of 1934
(Amendment No. )*
Argan, Inc.
(Name of Issuer)
Common Stock, $0.15 par value
(Title of Class of Securities)
04010E109
(CUSIP Number)
May 24, 2010
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o |
Rule 13d-1(b) |
x |
Rule 13d-1(c) |
o |
Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 04010E109 |
||||||
|
||||||
|
1. |
Names of Reporting Persons |
||||
|
||||||
|
2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
||||
|
|
(a) |
o |
|||
|
|
(b) |
x |
|||
|
||||||
|
3. |
SEC Use Only |
||||
|
||||||
|
4. |
Citizenship or Place of
Organization |
||||
|
|
|
||||
Number of |
5. |
Sole Voting Power |
||||
|
||||||
6. |
Shared Voting Power |
|||||
|
||||||
7. |
Sole Dispositive Power |
|||||
|
||||||
8. |
Shared Dispositive Power |
|||||
|
||||||
|
9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
||||
|
||||||
|
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o |
||||
|
||||||
|
11. |
Percent of Class
Represented by Amount in Row (9) |
||||
|
||||||
|
12. |
Type of Reporting Person
(See Instructions) |
||||
(1) Power is exercised through its three natural person managers as discussed in further detail below under Item 2(a).
(2) Based on the total outstanding shares of common stock of 13,587,494 as of April 9, 2010.
CUSIP No. 04010E109 |
||||||
|
||||||
|
1. |
Names of Reporting Persons |
||||
|
||||||
|
2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
||||
|
|
(a) |
o |
|||
|
|
(b) |
x |
|||
|
||||||
|
3. |
SEC Use Only |
||||
|
||||||
|
4. |
Citizenship or Place of
Organization |
||||
|
|
|
||||
Number of |
5. |
Sole Voting Power |
||||
|
||||||
6. |
Shared Voting Power |
|||||
|
||||||
7. |
Sole Dispositive Power |
|||||
|
||||||
8. |
Shared Dispositive Power |
|||||
|
||||||
|
9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
||||
|
||||||
|
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o |
||||
|
||||||
|
11. |
Percent of Class
Represented by Amount in Row (9) |
||||
|
||||||
|
12. |
Type of Reporting Person
(See Instructions) |
||||
(1) Power is exercised through its sole managing member as discussed in further detail below under Item 2(a).
(2) Based on the total outstanding shares of common stock of 13,587,494 as of April 9, 2010.
CUSIP No. 04010E109 |
||||||
|
||||||
|
1. |
Names of Reporting Persons |
||||
|
||||||
|
2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
||||
|
|
(a) |
o |
|||
|
|
(b) |
x |
|||
|
||||||
|
3. |
SEC Use Only |
||||
|
||||||
|
4. |
Citizenship or Place of
Organization |
||||
|
|
|
||||
Number of |
5. |
Sole Voting Power |
||||
|
||||||
6. |
Shared Voting Power |
|||||
|
||||||
7. |
Sole Dispositive Power |
|||||
|
||||||
8. |
Shared Dispositive Power |
|||||
|
||||||
|
9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
||||
|
||||||
|
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o |
||||
|
||||||
|
11. |
Percent of Class
Represented by Amount in Row (9) |
||||
|
||||||
|
12. |
Type of Reporting Person
(See Instructions) |
||||
(1) Power is exercised through its sole general partner as discussed in further detail below under Item 2(a).
(2) Based on the total outstanding shares of common stock of 13,587,494 as of April 9, 2010.
CUSIP No. 04010E109 |
||||||
|
||||||
|
1. |
Names of Reporting Persons |
||||
|
||||||
|
2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
||||
|
|
(a) |
o |
|||
|
|
(b) |
x |
|||
|
||||||
|
3. |
SEC Use Only |
||||
|
||||||
|
4. |
Citizenship or Place of
Organization |
||||
|
|
|
||||
Number of |
5. |
Sole Voting Power |
||||
|
||||||
6. |
Shared Voting Power |
|||||
|
||||||
7. |
Sole Dispositive Power |
|||||
|
||||||
8. |
Shared Dispositive Power |
|||||
|
||||||
|
9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
||||
|
||||||
|
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o |
||||
|
||||||
|
11. |
Percent of Class
Represented by Amount in Row (9) |
||||
|
||||||
|
12. |
Type of Reporting Person
(See Instructions) |
||||
(1) Power is exercised through its sole natural person director and officer as discussed in further detail below under Item 2(a).
(2) Based on the total outstanding shares of common stock of 13,587,494 as of April 9, 2010.
CUSIP No. 04010E109 |
||||||
|
||||||
|
1. |
Names of Reporting Persons |
||||
|
||||||
|
2. |
Check the Appropriate Box if a Member of a Group (See Instructions) |
||||
|
|
(a) |
o |
|||
|
|
(b) |
x |
|||
|
||||||
|
3. |
SEC Use Only |
||||
|
||||||
|
4. |
Citizenship or Place of
Organization |
||||
|
|
|
||||
Number of |
5. |
Sole Voting Power |
||||
|
||||||
6. |
Shared Voting Power |
|||||
|
||||||
7. |
Sole Dispositive Power |
|||||
|
||||||
8. |
Shared Dispositive Power |
|||||
|
||||||
|
9. |
Aggregate Amount
Beneficially Owned by Each Reporting Person |
||||
|
||||||
|
10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o |
||||
|
||||||
|
11. |
Percent of Class
Represented by Amount in Row (9) |
||||
|
||||||
|
12. |
Type of Reporting Person
(See Instructions) |
||||
(1) Based on the total outstanding shares of common stock of 13,587,494 as of April 9, 2010.
CUSIP No. 04010E109 |
Item 1. |
||
|
(a) |
Name of Issuer |
|
(b) |
Address of Issuers
Principal Executive Offices |
|
||
Item 2. |
||
|
(a) |
Name of Person Filing Pursuant to the General Rules and Regulations promulgated under the Securities Exchange Act of 1934, as amended (the Act), the undersigned hereby file this Schedule 13G Statement on behalf of each of Westwind Investors, LP, a Delaware limited partnership (Westwind), Prairie Fire Capital, LLC, a Delaware limited liability company (Prairie Fire), Ptolemy Capital, LLC, a Delaware limited liability company (Ptolemy), Stone Family Foundation, a Delaware not for profit corporation (Stone Foundation), and John W. Blackburn (Blackburn and, collectively with Westwind, Prairie Fire, Ptolemy and Stone Foundation, the Reporting Persons). Additionally, information is included herein with respect to each of Ortelius, LLC, a Delaware limited liability company (Ortelius), Westwind GP, LLC, Delaware limited liability company (Westwind GP), Michael R. Stone (Stone), Peter M. Castleman (Castleman) and Daniel J. OBrien (OBrian and, collectively with Ortelius, Westwind GP, Stone and Castleman, the Controlling Persons). The Reporting Persons and the Controlling Persons are sometimes hereinafter collectively referred to as the Item 2 Persons.
The managers of Prairie Fire are Blackburn, OBrien and Castleman, each of which individually has the sole power to make investment decisions on behalf of Prairie Fire and may therefore be deemed, pursuant to Rule 13d-3 of the Act, to beneficially own all of the shares of common stock of the issuer deemed beneficially owned by Prairie Fire. Stone and Blackburn are the two managers of Ortelius, which is the sole managing member of Ptolemy. Therefore, pursuant to Rule 13d-3 of the Act, each of Stone and Blackburn may be deemed to beneficially own all of the shares of common stock of the issuer deemed beneficially owned by Ortelius, which in turn may be deemed to beneficially own all of the shares of common stock of the issuer deemed beneficially owned by Ptolemy. Blackburn, Stone and Castleman are the three managers of Westwind GP, each of which individually has the sole power to make investment decisions on behalf of Westwind GP, and Westwind GP is the sole general partner of Westwind. Therefore, pursuant to Rule 13d-3 of the Act, each of Blackburn, Stone and Castleman may be deemed to beneficially own all of the shares of common stock of the issuer deemed beneficially owned by Westwind GP, which in turn may be deemed to beneficially own all of the shares of common stock of the issuer deemed beneficially owned by Westwind. Stone is the sole director and officer of Stone Foundation and, pursuant to Rule 13d-3 of the Act, may therefore be deemed to beneficially own all of the shares of common stock of the issuer beneficially owned by Stone Foundation. Westwind, Prairie Fire, Ptolemy and Stone Foundation beneficially own directly 104,167 shares, 480,388 shares, 232,551 shares and 130,338 shares, respectively, of common stock of the issuer.
The Reporting Persons are making this single, joint filing because they, together with the Controlling Persons, may be deemed to constitute a group within the meaning of Section 13(d)(3) of the Act, as a result of an arrangement between Ptolemy and Prairie Fire to purchase in a private transaction, for passive investment purposes only, a like number of shares of common stock of the issuer from a group of related persons on May 24, 2010. Notwithstanding the foregoing, neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Item 2 Persons that such a group exists. Each of the Item 2 Persons expressly disclaims beneficial ownership of the shares of common stock of the issuer not directly beneficially owned by the Item 2 Persons, as applicable. |
|
(b) |
Address of Principal
Business Office or, if none, Residence |
|
(c) |
Citizenship |
|
(d) |
Title of Class of
Securities |
|
(e) |
CUSIP Number |
CUSIP No. 04010E109 |
Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
||
|
(a) |
o |
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
|
(b) |
o |
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
|
(c) |
o |
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
|
(d) |
o |
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
|
(e) |
o |
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
|
(f) |
o |
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
|
(g) |
o |
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
|
(h) |
o |
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
|
(i) |
o |
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
|
(j) |
o |
A non-U.S. institution in accordance with § 240.13d1(b)(1)(ii)(J); |
|
(k) |
o |
Group, in accordance with § 240.13d1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d1(b)(1)(ii)(J), please specify the type of institution:____________________________ |
Not Applicable.
Item 4. |
Ownership |
|
|
(a) |
Amount beneficially owned: Prairie Fire: 480,388 shares of common stock of issuer Ptolemy: 232,551 shares of common stock of issuer Westwind: 104,167 shares of common stock of issuer Stone Foundation: 130,338 shares of common stock of issuer Blackburn: 817,106 shares of common stock of issuer Ortelius: 232,551 shares of common stock of issuer Westwind GP: 104,167 shares of common stock of issuer Stone: 467,056 shares of common stock of issuer Castleman: 584,555 shares of common stock of issuer OBrien: 480,388 shares of common stock of issuer |
CUSIP No. 04010E109 |
|
(b) |
Percent of class: Prairie Fire: 3.5% Ptolemy: 1.7% Westwind: 0.8% Stone Foundation: 1.0% Blackburn: 6.0% Ortelius: 1.7% Westwind GP: 0.8% Stone: 3.4% Castleman: 4.3% OBrien: 3.5% |
|
|
(c) |
Number of shares as to which the person has:
|
|
|
|
(i) |
Sole power to vote or to direct the vote Prairie Fire: 480,388 shares of common stock of issuer Ptolemy: 232,551 shares of common stock of issuer Westwind: 104,167 shares of common stock of issuer Stone Foundation: 130,338 shares of common stock of issuer Blackburn: 817,106 shares of common stock of issuer Ortelius: 232,551 shares of common stock of issuer Westwind GP: 104,167 shares of common stock of issuer Stone: 467,056 shares of common stock of issuer Castleman: 584,555 shares of common stock of issuer OBrien: 480,388 shares of common stock of issuer |
|
|
(ii) |
Shared power to vote or to direct the vote Item 2 Persons have no shared power to vote or to direct the vote of any shares of the issuer. |
|
|
(iii) |
Sole power to dispose or to direct the disposition of Prairie Fire: 480,388 shares of common stock of issuer Ptolemy: 232,551 shares of common stock of issuer Westwind: 104,167 shares of common stock of issuer Stone Foundation: 130,338 shares of common stock of issuer Blackburn: 817,106 shares of common stock of issuer Ortelius: 232,551 shares of common stock of issuer Westwind GP: 104,167 shares of common stock of issuer Stone: 467,056 shares of common stock of issuer Castleman: 584,555 shares of common stock of issuer OBrien: 480,388 shares of common stock of issuer |
CUSIP No. 04010E109 |
|
|
(iv) |
Shared power to dispose or to direct the disposition of Item 2 Persons have no shared power to dispose or to direct the disposition of any shares of the issuer. |
|
|||
Item 5. |
Ownership of Five Percent or Less of a Class |
||
Not Applicable. |
|||
|
|||
Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
||
No person other than the Item 2 Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Shares of, the common stock owned by them. |
|||
|
|||
Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person |
||
Not Applicable. |
|||
|
|||
Item 8. |
Identification and Classification of Members of the Group |
||
This Schedule 13G Statement is being filed on behalf of each of the Reporting Persons pursuant to Rules 13d-1(d) and Rule 13d-1(k)(1)(iii). The identity of each of the Item 2 Persons is set forth in Item 2(a) hereof. |
|||
|
|||
Item 9. |
Notice of Dissolution of Group |
||
Not Applicable. |
|||
|
|||
Item 10. |
Certification |
||
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
CUSIP No. 04010E109 |
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated June 3, 2010
|
PRAIRIE FIRE CAPITAL, LLC |
|||
|
|
|
||
|
By: |
/s/ John W. Blackburn |
||
|
Name: |
John W. Blackburn |
||
|
Title: |
Manager |
||
|
|
|
||
|
|
|
||
|
PTOLEMY CAPITAL, LLC |
|||
|
|
|||
|
By: Ortelius, LLC |
|||
|
Its: Managing Member |
|||
|
|
|||
|
By: |
/s/ Michael R. Stone |
||
|
Name: |
Michael R. Stone |
||
|
Title: |
Manager |
||
|
||||
|
|
|||
|
WESTWIND INVESTORS, LP |
|||
|
|
|||
|
By: Westwind GP, LLC |
|||
|
Its: General Partner |
|||
|
||||
|
By: |
/s/ John W. Blackburn |
||
|
Name: |
John W. Blackburn |
||
|
Title: |
Manager |
||
|
||||
|
||||
|
STONE FAMILY FOUNDATION |
|||
|
|
|||
|
By: |
/s/ Michael R. Stone |
||
|
Name: |
Michael R. Stone |
||
|
Title: |
President |
||
|
|
|
||
|
|
|
||
|
JOHN W. BLACKBURN |
|||
|
|
|||
|
By: |
/s/ John W. Blackburn |
||
|
Name: |
John W. Blackburn |
||
|
ATTENTION |
|
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). |
CUSIP No. 04010E109 |
EXHIBIT A
TO
SCHEDULE 13G
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, $0.15 par value, of Argan, Inc., and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned hereby execute this Agreement.
This Agreement may be executed in counterparts, each of which shall for all purposes be deemed to be an original, but all of which shall constitute one and the same instrument.
Dated: June 3, 2010
|
PRAIRIE FIRE CAPITAL, LLC |
|||
|
|
|
||
|
By: |
/s/ John W. Blackburn |
||
|
Name: |
John W. Blackburn |
||
|
Title: |
Manager |
||
|
|
|
||
|
|
|
||
|
PTOLEMY CAPITAL, LLC |
|||
|
|
|||
|
By: Ortelius, LLC |
|||
|
Its: Managing Member |
|||
|
|
|||
|
By: |
/s/ Michael R. Stone |
||
|
Name: |
Michael R. Stone |
||
|
Title: |
Manager |
||
|
||||
|
|
|||
|
WESTWIND INVESTORS, LP |
|||
|
|
|||
|
By: Westwind GP, LLC |
|||
|
Its: General Partner |
|||
|
||||
|
By: |
/s/ John W. Blackburn |
||
|
Name: |
John W. Blackburn |
||
|
Title: |
Manager |
||
|
||||
|
||||
|
STONE FAMILY FOUNDATION |
|||
|
|
|||
|
By: |
/s/ Michael R. Stone |
||
|
Name: |
Michael R. Stone |
||
|
Title: |
President |
||
|
|
|
||
|
|
|
||
|
JOHN W. BLACKBURN |
|||
|
|
|||
|
By: |
/s/ John W. Blackburn |
||
|
Name: |
John W. Blackburn |
||