David-Jacques Farahi - Jun 30, 2021 Form 4 Insider Report for MONARCH CASINO & RESORT INC (MCRI)

Role: COO
Signature: David Farahi
Stock symbol: MCRI
Transactions as of: Jun 30, 2021
Transactions value $: $1,102,789
Form type: 4
Date filed: 7/1/2021, 01:00 PM
Previous filing: May 18, 2021
Next filing: Sep 7, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MCRI	Common Stock						15.8K	Jun 30, 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	Award	$1.1M	+16.7K	+12.5%	$66.17	150K	Jun 30, 2021	Common Stock	16.7K	$66.17	Direct
holding	MCRI	Options / Right to Buy						150K	Jun 30, 2021	Common Stock	15K	$60.62	Direct
holding	MCRI	Options / Right to Buy						150K	Jun 30, 2021	Common Stock	33.3K		Direct	F1
holding	MCRI	Options / Right to Buy						150K	Jun 30, 2021	Common Stock	33.3K		Direct	F2
holding	MCRI	Options / Right to Buy						150K	Jun 30, 2021	Common Stock	16.7K	$42.74	Direct
holding	MCRI	Options / Right to Buy						150K	Jun 30, 2021	Common Stock	16.7K	$42.74	Direct
holding	MCRI	Options / Right to Buy						150K	Jun 30, 2021	Common Stock	6.67K	$47.81	Direct
holding	MCRI	Options / Right to Buy						150K	Jun 30, 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	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.

Content

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.

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.