David-Jacques Farahi - May 5, 2021 Form 4 Insider Report for MONARCH CASINO & RESORT INC (MCRI)

Role
COO
Signature
David Farahi
Stock symbol
MCRI
Transactions as of
May 5, 2021
Transactions value $
-$1,269,450
Form type
4
Date filed
5/7/2021, 03:39 PM
Next filing
May 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCRI Common Stock Sale -$1.27M -17.3K -22.3% $73.18 60.5K May 5, 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 165K May 5, 2021 Common Stock 15K $60.62 Direct
holding MCRI Options / Right to Buy 165K May 5, 2021 Common Stock 33.3K Direct F1
holding MCRI Options / Right to Buy 165K May 5, 2021 Common Stock 33.3K Direct F2
holding MCRI Options / Right to Buy 165K May 5, 2021 Common Stock 83.3K 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.