Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Griffin William F Jr
   2. Issuer Name and Ticker or Trading Symbol
ARGAN INC [AGX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VC/CEO of Gemma Power Systems
(Last)
(First)
(Middle)
C/O GEMMA POWER SYSTEMS, LLC,, 769 HEBRON AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
12/27/2016
(Street)

GLASTONBURY, CT 06033		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/27/2016   S   3,200 (1) D $ 73.18 344,720 I By William F. Griffin, Jr. Revocable Trust DTD 12/09/04
Common Stock 01/04/2017   S   13,570 (2) D $ 73.0583 331,150 I By William F. Griffin, Jr. Revocable Trust DTD 12/09/04

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option to purchase Common Stock $ 18.87             12/18/2013 12/18/2022 Common Stock 10,000   10,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Griffin William F Jr
C/O GEMMA POWER SYSTEMS, LLC,
769 HEBRON AVENUE
GLASTONBURY, CT 06033		   X     VC/CEO of Gemma Power Systems  

Signatures

 /s/ William F. Griffin, Jr.   01/05/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On December 27, 2016, 3,200 shares of the Issuer's common stock were sold by William F. Griffin, Jr. Revocable Trust DTD 12/09/04 (the "Revocable Trust") on the open market at the average price of $73.18 per share. Pursuant to the transaction, the amount of shares of the Issuer's common stock owned by the Revocable Trust decreased from 347,920 shares to 344,720 shares.
(2) On January 4, 2017, 13,570 shares of the Issuer's common stock were sold by the Revocable Trust on the open market at the average price of $73.0583 per share. Pursuant to the transaction, the amount of shares of the Issuer's common stock owned by the Revocable Trust decreased from 344,720 shares to 331,150 shares.

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