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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Nle68/WDyeJaBO+WtFYqS9DYALfQC7Znq2ZTyW80wdJLBYWgxjOA6iL4yA7Yva+5
 Bze+ZXr1QT7J1fGVlyg3Ew==

<SEC-DOCUMENT>0001181431-04-021737.txt : 20040422
<SEC-HEADER>0001181431-04-021737.hdr.sgml : 20040422
<ACCEPTANCE-DATETIME>20040422114024
ACCESSION NUMBER:		0001181431-04-021737
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040422
FILED AS OF DATE:		20040422

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CADWALADER CRAIG
		CENTRAL INDEX KEY:			0001285450

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-07183
		FILM NUMBER:		04747363

	BUSINESS ADDRESS:	
		STREET 1:		1550 SE 17TH ST
		CITY:			FT LAUDERDALE
		STATE:			FL
		ZIP:			33316
		BUSINESS PHONE:		9545257637

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEJON RANCH CO
		CENTRAL INDEX KEY:			0000096869
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE PRODUCTION - CROPS [0100]
		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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd40138.xml
<DESCRIPTION>DEFERRED COMP RESTRICTED STOCK AWARD
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-04-22</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001285450</rptOwnerCik>
            <rptOwnerName>CADWALADER CRAIG</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1550 S.E.  17TH ST.</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>FORT LAUDERDALE</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33316</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Tejon Ranch Co Restricted Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>39.23</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-04-22</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1357</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>39.23</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2005-03-26</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Tejon Ranch Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1357</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1357</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Restricted stock units in the Tejon Ranch Nonqualied Deferred Compensation Plan, grants pursuant to the Non-Employee Director Stock Incentive Plan.  690 shares vest on March 26. 2005, 333 shares vest on March 26, 2006, and 334 shares vest on March 26, 2007.  Convertible Common Stock based on director election.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Craig Cadwalader</signatureName>
        <signatureDate>2004-04-22</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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