ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

Spark Investment Management LLC's Holding History (CIK: 0001554871)

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

Q3 2014

Shares 15,600 Value ($000) $520 Avg Close $27.53 Range $24.87 - $30.76

Q2 2014

Shares 14,700 Value ($000) $548 Avg Close $22.52 Range $19.58 - $28.47

Q1 2014

Shares 14,700 Value ($000) $437 Avg Close $21.60 Range $19.91 - $23.12

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	15,600	$520	$27.53	$24.87 - $30.76
Q2 2014	14,700	$548	$22.52	$19.58 - $28.47
Q1 2014	14,700	$437	$21.60	$19.91 - $23.12