<SEC-DOCUMENT>0000907242-21-000017.txt : 20210907
<SEC-HEADER>0000907242-21-000017.hdr.sgml : 20210907
<ACCEPTANCE-DATETIME>20210907193537
ACCESSION NUMBER:		0000907242-21-000017
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210902
FILED AS OF DATE:		20210907
DATE AS OF CHANGE:		20210907

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Farahi David-Jacques
		CENTRAL INDEX KEY:			0001548756

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22088
		FILM NUMBER:		211240455

	MAIL ADDRESS:	
		STREET 1:		3800 S. VIRGINIA STREET
		CITY:			RENO
		STATE:			NV
		ZIP:			89502

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MONARCH CASINO & RESORT INC
		CENTRAL INDEX KEY:			0000907242
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				880300760
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		3800 S VIRGINIA STREET
		STREET 2:		EXECUTIVE OFFICES
		CITY:			RENO
		STATE:			NV
		ZIP:			89502
		BUSINESS PHONE:		775-335-4600

	MAIL ADDRESS:	
		STREET 1:		3800 S VIRGINIA STREET
		STREET 2:		EXECUTIVE OFFICES
		CITY:			RENO
		STATE:			NV
		ZIP:			89502
</SEC-HEADER>
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<SEQUENCE>1
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    <footnotes>
        <footnote id="F1">Mr. Farahi net exercised the following grands: (1) 6,667 stock options at $47.81 exercise price, which vested on August 1, 2021; and (2) 11,666 stock options at $47.05 exercise price, which vested on September 1, 2021. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.</footnote>
        <footnote id="F2">In 2021 Mr. Farahi was granted 31,666 stock options, as follow: (i) 15,000 stock options at $60.62 exercise price, which vest on March 31,2024; and (ii) 16,666 stock options at $66.17 exercise price, which vest on June 30, 2024. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.</footnote>
        <footnote id="F3">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.</footnote>
        <footnote id="F4">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.</footnote>
        <footnote id="F5">On May 3, 2018 Mr. Farahi was granted 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. All stock options expire 10 years from the grant date, or approximately 7 years from the vesting date.</footnote>
        <footnote id="F6">These options are forfeited. On September 3, 2021 Mr. Farahi resigned from his role as a Chief Operating Officer, to pursue business interests outside the gaming and hospitality industry. Pursuant to Company's 2014 Equity Incentive Plan (&quot;2014 Plan&quot;) option awards that are not vested and therefore not exercisable at the date of grantee's employment termination are forfeited and are returned to the 2014 Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>David Farahi</signatureName>
        <signatureDate>2021-09-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
