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

Role
COO
Signature
David Farahi
Stock symbol
MCRI
Transactions as of
May 14, 2021
Transactions value $
-$5,474,885
Form type
4
Date filed
5/18/2021, 05:36 PM
Previous filing
May 7, 2021
Next filing
Jul 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCRI Common Stock Options Exercise +31.7K +52.38% 92.1K May 14, 2021 Direct F1
transaction MCRI Common Stock Tax liability -$1.79M -24.6K -26.72% $72.88 67.5K May 14, 2021 Direct
transaction MCRI Common Stock Sale -$2.11M -29.7K -44% $70.93 37.8K May 17, 2021 Direct
transaction MCRI Common Stock Sale -$1.57M -22K -58.19% $71.58 15.8K May 18, 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 +31.7K +31.15% $0.00 133K May 14, 2021 Common Stock 31.7K Direct F1
holding MCRI Options / Right to Buy 133K May 14, 2021 Common Stock 15K $60.62 Direct
holding MCRI Options / Right to Buy 133K May 14, 2021 Common Stock 33.3K Direct F2
holding MCRI Options / Right to Buy 133K May 14, 2021 Common Stock 33.3K Direct F3
holding MCRI Options / Right to Buy 133K May 14, 2021 Common Stock 16.7K $42.74 Direct
holding MCRI Options / Right to Buy 133K May 14, 2021 Common Stock 16.7K $42.74 Direct
holding MCRI Options / Right to Buy 133K May 14, 2021 Common Stock 6.67K $47.81 Direct
holding MCRI Options / Right to Buy 133K May 14, 2021 Common Stock 11.7K $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.