0001104659-21-049835.txt : 20210413 0001104659-21-049835.hdr.sgml : 20210413 20210413172939 ACCESSION NUMBER: 0001104659-21-049835 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210409 FILED AS OF DATE: 20210413 DATE AS OF CHANGE: 20210413 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BOSSELMANN RAINER H CENTRAL INDEX KEY: 0001028546 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31756 FILM NUMBER: 21823946 MAIL ADDRESS: STREET 1: PUROFLOW INCORPORATED STREET 2: ONE CHURCH STREET SUITE 302 CITY: ROCKVILLE STATE: MD ZIP: 20850 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ARGAN INC CENTRAL INDEX KEY: 0000100591 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] IRS NUMBER: 131947195 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 BUSINESS ADDRESS: STREET 1: ONE CHURCH STREET SUITE 201 CITY: ROCKVILLE STATE: MD ZIP: 20850 BUSINESS PHONE: 301 315-0027 MAIL ADDRESS: STREET 1: ONE CHURCH STREET SUITE 201 CITY: ROCKVILLE STATE: MD ZIP: 20850 FORMER COMPANY: FORMER CONFORMED NAME: PUROFLOW INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: ULTRA DYNAMICS CORP DATE OF NAME CHANGE: 19830522 4 1 tm2112892-1_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2021-04-09 0 0000100591 ARGAN INC AGX 0001028546 BOSSELMANN RAINER H C/O ARGAN, INC., ONE CHURCH STREET, SUITE 201 ROCKVILLE MD 20850 0 1 0 0 Chairman & CEO Common Stock 2021-04-09 4 M 0 22484 0 A 349895 D Performance-Based Restricted Stock Units 0.00 2021-04-09 4 M 0 10000 0.00 D Common Stock 10000 22500 D On April 9, 2021, the Reporting Person had Performance-Based Restricted Stock Units (the "PBRSUs") vest in the amount of 22,484 shares of Common Stock. These PBRSUs, which were granted April 10, 2018 with a target number of 10,000 shares (the "Target"), had vesting subject to the percentile of the Total Stock Return ("TSR") of the Issuer's common stock over a three-year period, as determined by the Issuer's Board of Directors, versus the comparative TSRs of 12 peer public companies disclosed in the Issuer's 2018 Proxy Statement. Each PBRSU represents a contingent right to receive one share of the Issuer's common stock. The potential payout ratio of the Target, ranged from 0% to 200%, depending on the degree of achievement of the percentile of the TSR. The performance achievement over the measurement period resulted in the vesting of 200% of the Target plus an adjustment for cash dividends. 2,241 shares are held by Rainer and Beverley Bosselmann, as joint tenants, and the remaining shares are held directly by Rainer Bosselmann. As of the date of this filing, the remaining number of PBRSUs beneficially owned by the Reporting Person includes (a) a target number of 10,000 shares of PBRSUs granted on April 12, 2019 and; (b) a target number of 12,500 shares of PBRSUs granted on April 16, 2020, all to vest in their entirety at the end of a three-year performance period. /s/ Rainer H. Bosselmann 2021-04-13