0000907242-21-000017.txt : 20210907 0000907242-21-000017.hdr.sgml : 20210907 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 4 1 primary_doc.xml PRIMARY DOCUMENT X0306 4 2021-09-02 0 0000907242 MONARCH CASINO & RESORT INC MCRI 0001548756 Farahi David-Jacques 3800 S. VIRGINIA STREET RENO NV 89502 0 1 0 0 COO Common Stock 2021-09-02 4 M 0 18333 A 34140 D Common Stock 2021-09-02 4 F 0 15406 66.2 D 18734 D Options / Right to Buy 2021-09-02 4 M 0 18333 0 D Common Stock 18333 131666 D Options / Right to Buy 2021-09-03 4 J 0 31666 0 D Common Stock 31666 100000 D Options / Right to Buy 2021-09-03 4 J 0 33333 0 D Common Stock 33333 66667 D Options / Right to Buy 2021-09-03 4 J 0 33333 0 D Common Stock 33333 33334 D Options / Right to Buy 2021-09-03 4 J 0 33334 0 D Common Stock 33334 0 D 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. 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. 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. 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. 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 ("2014 Plan") 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. David Farahi 2021-09-07