David-Jacques Farahi Form 4 MONARCH CASINO & RESORT / David-Jacques Farahi ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Farahi David-Jacques

(Last) (First) (Middle)

3800 S. VIRGINIA STREET

(Street)

RENO NV 89502

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MONARCH CASINO & RESORT INC [ MCRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options/Right to Buy	$26.93	03/01/2017		A		1,666		03/01/2020	03/01/2027	Common Stock	1,666	$26.93	178,332	D
Options/Right to Buy	$23.54							02/01/2020	02/01/2027	Common Stock	13,333		178,332	D
Options/Right to Buy	$23.63							09/01/2019	09/01/2026	Common Stock	11,667		178,332	D
Options/Right to Buy	$23.52							08/01/2019	08/01/2026	Common Stock	6,666		178,332	D
Options/Right to Buy	$20.49							03/01/2019	03/01/2026	Common Stock	1,666		178,332	D
Options/Right to Buy	$17.6							08/21/2018	08/21/2025	Common Stock	10,000		178,332	D
Options/Right to Buy	$18.44							08/13/2018	08/13/2025	Common Stock	1,667		178,332	D
Options/Right to Buy	$20.69							07/12/2018	07/12/2025	Common Stock	6,667		178,332	D
Options/Right to Buy	$17.08							02/10/2018	02/10/2025	Common Stock	1,667		178,332	D
Options/Right to Buy	$12.4							08/13/2017	08/13/2024	Common Stock	1,667		178,332	D
Options/Right to Buy	$14.95							07/12/2017	07/12/2024	Common Stock	6,667		178,332	D
Options/Right to Buy	$18.41							02/10/2017	02/10/2024	Common Stock	1,666		178,332	D
Options/Right to Buy	$19							(1)	01/17/2024	Common Stock	40,000		178,332	D
Option/Right to Buy	$20							08/13/2016	08/13/2023	Common Stock	1,667		178,332	D
Option/Right to Buy	$17.79							07/12/2016	07/12/2023	Common Stock	6,666		178,332	D
Option/Right to Buy	$10.33							02/10/2016	02/10/2023	Common Stock	1,666		178,332	D
Option/Right to Buy	$7.55							(2)	08/21/2022	Common Stock	30,000		178,332	D
Option/Right to Buy	$7.42							08/13/2015	08/13/2022	Common Stock	1,667		178,332	D
Option/Right to Buy	$9.3							08/13/2014	08/13/2021	Common Stock	1,667		178,332	D
Option/Right to Buy	$10.2							(3)	07/12/2020	Common Stock	20,000		178,332	D
Option/Right to Buy	$11.15							(4)	06/21/2020	Common Stock	5,000		178,332	D
Option/Right to Buy	$6.72							(5)	02/10/2020	Common Stock	5,000		178,332	D

Explanation of Responses:

1. On January 17, 2014, Mr. Farahi was granted 40,000 stock options, which vest as follows: 13,333 vest on January 17, 2017; 13,333 vest on January 17, 2018 and 13,334 vest on January 17, 2019.

2. On August 21, 2012, Mr. Farahi was granted 30,000 stock options, which vest as follows: 10,000 vest on August 21, 2015; 10,000 vest on August 21, 2016 and 10,000 vest on August 21, 2017.

3. On July 12, 2010, Mr. Farahi was granted 20,000 stock options, which vest as follows: 6,666 vest on July 12, 2013; 6,667 vest on July 12, 2014 and 6,667 vest on July 12, 2015.

4. On June 21, 2010, Mr. Farahi was granted 5,000 stock options, which vest as follows: 1,666 vest on June 21, 2013; 1,667 vest on June 21, 2014 and 1,667 vest on June 21, 2015.

5. On February 10, 2010, Mr. Farahi was granted 5,000 stock options, which vest as follows: 1,666 vest on February 10, 2013; 1,667 vest on February 10, 2014 and 1,667 vest on February 10, 2015.

	David Farahi	03/03/2017
	** Signature of Reporting Person	Date
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