ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

Empirical Capital Management, LLC's Holding History (CIK: 0001642274)

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

Q4 2015

Shares 10,000 Value ($000) $324 Avg Close $28.09 Range $23.29 - $31.38

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	10,000	$324	$28.09	$23.29 - $31.38