David-Jacques Farahi - 05 May 2021 Form 4 Insider Report for MONARCH CASINO & RESORT INC (MCRI)

Role: COO
Signature: David Farahi
Issuer symbol: MCRI
Transactions as of: 05 May 2021
Net transactions value: -$1,269,450
Form type: 4
Filing time: 07 May 2021, 15:39:52 UTC
Next filing: 18 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCRI	Common Stock	Sale	$1,269,450	-17,346	-22%	$73.18	60,450	05 May 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	MCRI	Options / Right to Buy						164,999	05 May 2021	Common Stock	15,000	$60.62	Direct
holding	MCRI	Options / Right to Buy						164,999	05 May 2021	Common Stock	33,333		Direct	F1
holding	MCRI	Options / Right to Buy						164,999	05 May 2021	Common Stock	33,333		Direct	F2
holding	MCRI	Options / Right to Buy						164,999	05 May 2021	Common Stock	83,333		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	In 2018 Mr. Farahi was granted 83,333 stock options, as follow: (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; (iii) 50,000 stock options at $42.74 exercise price, of which 16,666 vested on May 3, 2021, 16,667 vest on May 3, 2022 and 16,667 vest on May 3, 2023; (iv) 6,667 stock options at $47.81 exercise price, which vest on August 1, 2021 and (v) 11,666 stock options at $47.05 exercise price, which vest on September 1, 2021. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.