Sec Form 4 Filing - Farahi David-Jacques @ MONARCH CASINO & RESORT INC - 2021-05-14

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Farahi David-Jacques
2. Issuer Name and Ticker or Trading Symbol
MONARCH CASINO & RESORT INC [ MCRI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
COO
(Last) (First) (Middle)
3800 S. VIRGINIA STREET
3. Date of Earliest Transaction (MM/DD/YY)
05/14/2021
(Street)
RENO, NV89502
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/14/2021 M 31,666 ( 1 ) A 92,116 D
Common Stock 05/14/2021 F 24,609 D $ 72.88 67,507 D
Common Stock 05/17/2021 S 29,700 D $ 70.93 37,807 D
Common Stock 05/18/2021 S 22,000 D $ 71.58 15,807 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options / Right to Buy ( 1 ) 05/14/2021 M 31,666 ( 1 ) ( 1 ) Common Stock 31,666 $ 0 133,333 D
Options / Right to Buy $ 60.62 03/31/2024 03/31/2024 Common Stock 15,000 133,333 D
Options / Right to Buy ( 2 ) ( 2 ) ( 2 ) Common Stock 33,333 133,333 D
Options / Right to Buy ( 3 ) ( 3 ) ( 3 ) Common Stock 33,333 133,333 D
Options / Right to Buy $ 42.74 05/03/2022 05/03/2028 Common Stock 16,667 133,333 D
Options / Right to Buy $ 42.74 05/03/2023 05/03/2028 Common Stock 16,667 133,333 D
Options / Right to Buy $ 47.81 08/01/2021 08/01/2028 Common Stock 6,667 133,333 D
Options / Right to Buy $ 47.05 09/01/2021 09/01/2028 Common Stock 11,666 133,333 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Farahi David-Jacques
3800 S. VIRGINIA STREET
RENO, NV89502
COO
Signatures
David Farahi 05/18/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. David Farahi net exercised the following grants:(i)13,333 stock options at $45.55 exercise price, which vested on February 1, 2021; ii)1,667 stock options at $42.46 exercise price , which vested on March 1, 2021; and (iii)16,666 stock options at $42.74 exercise price, which vested on May 3, 2021.All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
( 2 )In 2020 Mr. Farahi was granted 33,333 stock options, as follow: (i) 13,333 stock options at $53.680 exercise price, which vest on February 1, 2023; (ii) 1,667 stock options at $47.28 exercise price, which vest on March 1, 2023; and (iii) 18,333 stock options at $44.60 exercise price, which vest on September 30, 2023. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.
( 3 )In 2019 Mr. Farahi was granted 33,333 stock options, as follow: (i) 13,334 stock options at $43.30 exercise price, which vest on February 1, 2022; (ii) 1,666 stock options at $44.31 exercise price, which vest on March 1, 2022; (iii) 6,666 stock options at $45.69 exercise price, which vest on August 1, 2022 and (v) 11,667 stock options at $44.38 exercise price, which vest on September 1, 2022. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.

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