ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

Empirical Finance, LLC's Holding History (CIK: 0001572838)

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

Q4 2016

Shares 92 Value ($000) $7 Avg Close $49.57 Range $43.00 - $60.01

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	92	$7	$49.57	$43.00 - $60.01