David-Jacques Farahi - 14 May 2021 Form 4 Insider Report for MONARCH CASINO & RESORT INC (MCRI)

Role: COO
Signature: David Farahi
Issuer symbol: MCRI
Transactions as of: 14 May 2021
Net transactions value: -$5,474,885
Form type: 4
Filing time: 18 May 2021, 17:36:56 UTC
Previous filing: 07 May 2021
Next filing: 01 Jul 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	Options Exercise		+31,666	+52%		92,116	14 May 2021	Direct	F1
transaction	MCRI	Common Stock	Tax liability	$1,793,504	-24,609	-27%	$72.88	67,507	14 May 2021	Direct
transaction	MCRI	Common Stock	Sale	$2,106,621	-29,700	-44%	$70.93	37,807	17 May 2021	Direct
transaction	MCRI	Common Stock	Sale	$1,574,760	-22,000	-58%	$71.58	15,807	18 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
transaction	MCRI	Options / Right to Buy	Options Exercise	$0	+31,666	+31%	$0.000000	133,333	14 May 2021	Common Stock	31,666		Direct	F1
holding	MCRI	Options / Right to Buy						133,333	14 May 2021	Common Stock	15,000	$60.62	Direct
holding	MCRI	Options / Right to Buy						133,333	14 May 2021	Common Stock	33,333		Direct	F2
holding	MCRI	Options / Right to Buy						133,333	14 May 2021	Common Stock	33,333		Direct	F3
holding	MCRI	Options / Right to Buy						133,333	14 May 2021	Common Stock	16,667	$42.74	Direct
holding	MCRI	Options / Right to Buy						133,333	14 May 2021	Common Stock	16,667	$42.74	Direct
holding	MCRI	Options / Right to Buy						133,333	14 May 2021	Common Stock	6,667	$47.81	Direct
holding	MCRI	Options / Right to Buy						133,333	14 May 2021	Common Stock	11,666	$47.05	Direct

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

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.