Farahi John Form 4 MONARCH CASINO & RESORT / JOHN 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 JOHN

(Last) (First) (Middle)

MONARCH CASINO & RESORT INC

3800 S. VIRGINIA ST.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2020

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
Common Stock	12/02/2020		J(1)		1,000,000	D	$54.17(1)	460,322	D
Common Stock	12/02/2020		J(1)		250,000	A	$54.17(1)	596,262	I	Trust1
Common Stock	12/02/2020		J(1)		250,000	A	$54.17(1)	600,964	I	Trust2
Common Stock	12/02/2020		J(1)		250,000	A	$54.17(1)	600,964	I	Trust3
Common Stock	12/02/2020		J(1)		250,000	A	$54.17(1)	600,964	I	Trust4
Common Stock								4,801	I	Trust5

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	$43.24							11/01/2022	11/01/2029	Common Stock	66,666		600,000	D
Options / Right to Buy	$39.82							11/01/2021	11/01/2028	Common Stock	66,666		600,000	D
Options / Right to Buy	$45.32							11/01/2020	11/01/2027	Common Stock	66,668		600,000	D
Options / Right to Buy	$23.08							11/01/2019	11/01/2026	Common Stock	66,666		600,000	D
Options / Right to Buy	$17.62							10/21/2018	10/21/2025	Common Stock	66,666		600,000	D
Options / Right to Buy	$12.32							10/21/2017	10/21/2024	Common Stock	66,668		600,000	D
Options / Right to Buy	$21.71							10/21/2016	10/21/2023	Common Stock	66,666		600,000	D
Options / Right to Buy	$8.56							10/09/2015	10/09/2022	Common Stock	66,666		600,000	D
Options / Right to Buy	$9.33							10/21/2014	10/21/2021	Common Stock	66,668		600,000	D

Explanation of Responses:

1. On December 2, 2020, John Farahi transferred 250,000 shares of Monarch's stock to each of his four children's trust in exchange for a promissory note. The transaction was done for estate planning purposes. The value of the shares was calculated using the average of the $56.45 daily high and $51.89 daily low of the Monarch stock on December 2, 2020, the average being $54.17 per share. Mr. Farahi is the investment trustee of each trust.

	John Farahi	12/18/2020
	** Signature of Reporting Person	Date
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