-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Rx1ynNSdD6gZjWPZtr/7fMuOYrEvmOPtm4wtwrImVKV7MyX7Xjxlwb1E4DmA9K+r
 paQEf4ZLWVESYZ/vXbEw5A==

<SEC-DOCUMENT>0000919574-07-000781.txt : 20070213
<SEC-HEADER>0000919574-07-000781.hdr.sgml : 20070213
<ACCEPTANCE-DATETIME>20070213170536
ACCESSION NUMBER:		0000919574-07-000781
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060221
FILED AS OF DATE:		20070213
DATE AS OF CHANGE:		20070213

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Khoury John
		CENTRAL INDEX KEY:			0001351528

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07183
		FILM NUMBER:		07611347

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-421-7002

	MAIL ADDRESS:	
		STREET 1:		C/O WESLEY CAPITAL MANAGEMENT, LLC
		STREET 2:		535 MADISON AVENUE, 26TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEJON RANCH CO
		CENTRAL INDEX KEY:			0000096869
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				770196136
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4436 LEBEC ROAD
		STREET 2:		PO BOX 1000
		CITY:			LEBEC
		STATE:			CA
		ZIP:			93243
		BUSINESS PHONE:		6612483000

	MAIL ADDRESS:	
		STREET 1:		4436 LEBEC RD
		STREET 2:		PO BOX 1000
		CITY:			LEBEC
		STATE:			CA
		ZIP:			93243

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Wesley Capital Partners, LLC
		CENTRAL INDEX KEY:			0001351611

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07183
		FILM NUMBER:		07611348

	BUSINESS ADDRESS:	
		STREET 1:		C/O WESLEY CAPITAL MANAGEMENT, LLC
		STREET 2:		535 MADISON AVENUE, 26TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-421-7002

	MAIL ADDRESS:	
		STREET 1:		C/O WESLEY CAPITAL MANAGEMENT, LLC
		STREET 2:		535 MADISON AVENUE, 26TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WRUBEL ARTHUR
		CENTRAL INDEX KEY:			0001279098
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07183
		FILM NUMBER:		07611346

	BUSINESS ADDRESS:	
		STREET 1:		WESLEY CAPITAL
		STREET 2:		535 MADISON AVE 26TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2124217002

	MAIL ADDRESS:	
		STREET 1:		535 MADISON AVE
		STREET 2:		26TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p643002_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-02-21</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000096869</issuerCik>
        <issuerName>TEJON RANCH CO</issuerName>
        <issuerTradingSymbol>TRC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001351611</rptOwnerCik>
            <rptOwnerName>Wesley Capital Partners, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>717 FIFTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>14TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001351528</rptOwnerCik>
            <rptOwnerName>Khoury John</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>717 FIFTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>14TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001279098</rptOwnerCik>
            <rptOwnerName>WRUBEL ARTHUR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>717 FIFTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>14TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-02-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>757229</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>39.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                    <footnoteId id="F3"/>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1110642</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Footnote 1</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-02-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>757229</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>39.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                    <footnoteId id="F3"/>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1122588</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Footnote 2</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These securities are held in the accounts of unregistered private investment funds over which the Reporting Persons have
 investment discretion.  These securities may be deemed to be beneficially owned by Wesley Capital Partners, LLC, the general
 partner of such unregistered private investment funds, John Khoury and Arthur Wrubel, each a managing member of Wesley
 Capital Partners, LLC.  Such Reporting Persons disclaim beneficial ownership of the reported securities except to the extent
 of their pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Persons are the
 beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for
 any other purpose.</footnote>
        <footnote id="F2">These securities are held in the accounts of unregistered private investment funds over which the Reporting Persons may be
 deemed to have investment discretion.  These securities may be deemed to be beneficially owned by John Khoury and Arthur
 Wrubel, each a managing member of the unregistered private investment funds' investment manager.  Such Reporting Persons
 disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this
 report shall not be deemed an admission that such Reporting Persons are the beneficial owner of the securities for purposes
 of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.</footnote>
        <footnote id="F3">These transactions reflect intercompany transfers of the Common Stock of the Issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Wesley Capital Partners, LLC, By: /s/ Arthur Wrubel</signatureName>
        <signatureDate>2007-02-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ John Khoury</signatureName>
        <signatureDate>2007-02-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Arthur Wrubel</signatureName>
        <signatureDate>2007-02-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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