SEC Form 4 · accession 0000907242-17-000009
MONARCH CASINO & RESORT INC · MCRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bob Farahi
Officer — President · Director
Period of report
Aug 9, 2017
Accepted (ET)
Aug 10, 2017 · 7:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000907242
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Aug 9, 2017 | S | 34,000 | $34.43 | D | 482,516 | D | |
| Common StockF1 | Aug 9, 2017 | M | 33,334 | $29.00 | A | 482,516 | D | |
| Common StockF1 | Aug 9, 2017 | F | 29,231 | $34.91 | D | 482,516 | D | |
| Common Stock | holding | — | — | — | 482,516 | D | ||
| Common Stock | holding | — | — | — | 435,000 | I | by trust | |
| Common Stock | holding | — | — | — | 434,626 | I | by trust | |
| Common Stock | holding | — | — | — | 100,000 | I | by trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options / Right to Buy | $29.00 | Aug 9, 2017 | M | 33,334 | D | Oct 21, 2010 | Oct 21, 2017 | Common Stock | 33,334 | 200,003 | D |
| Options / Right to Buy | $23.08 | holding | — | — | — | Nov 1, 2019 | Nov 1, 2026 | Common Stock | 33,333 | 200,003 | D |
| Options / Right to Buy | $17.62 | holding | — | — | — | Oct 21, 2018 | Oct 21, 2025 | Common Stock | 33,334 | 200,003 | D |
| Options / Right to Buy | $12.32 | holding | — | — | — | Oct 21, 2017 | Oct 21, 2024 | Common Stock | 33,334 | 200,003 | D |
| Options / Right to Buy | $21.71 | holding | — | — | — | Oct 21, 2016 | Oct 21, 2023 | Common Stock | 33,334 | 200,003 | D |
| Options / Right to Buy | $8.56 | holding | — | — | — | Oct 9, 2015 | Oct 9, 2022 | Common Stock | 33,334 | 200,003 | D |
| Options / Right to Buy | $9.33 | holding | — | — | — | Oct 21, 2014 | Oct 21, 2021 | Common Stock | 33,334 | 200,003 | D |
Explanation of responses
- F1On August 9, 2017, Mr. Farahi completed "net" stock option exercise whereby he exercised 33,334 stock options with an expiration date 10/21/2017. The exercise price of the stock option and the required tax withholding were paid in the form of stock totaling 29,231 shares. As a result of this "net" stock exercise Mr. Farahi beneficial ownership increased by the balance of 4,103.