ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

WEDGE CAPITAL MANAGEMENT L L P/NC's Holding History (CIK: 0001015308)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 24,800 Value ($000) $1,750 Avg Close $49.57 Range $43.00 - $60.01

Q3 2016

Shares 25,900 Value ($000) $1,533 Avg Close $38.37 Range $31.84 - $46.49

Q2 2016

Shares 39,700 Value ($000) $1,656 Avg Close $28.09 Range $23.96 - $34.46

Q1 2016

Shares 41,300 Value ($000) $1,452 Avg Close $24.56 Range $21.93 - $27.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	24,800	$1,750	$49.57	$43.00 - $60.01
Q3 2016	25,900	$1,533	$38.37	$31.84 - $46.49
Q2 2016	39,700	$1,656	$28.09	$23.96 - $34.46
Q1 2016	41,300	$1,452	$24.56	$21.93 - $27.70