X0303 4 2011-06-17 0 0000907242 MONARCH CASINO & RESORT INC MCRI 0001367876 Rowan Ronald 3800 S. VIRGINIA STREET EXECUTIVE OFFICES RENO NV 89502 0 1 0 0 Chief Financial Officer Common Stock 4170 D Option/right to buy 9.56 2011-06-17 4 A 0 33333 9.56 A 2014-06-17 2021-06-17 Common Stock 33333 175999 D Option/right to buy 11.15 2020-06-21 Common Stock 76000 175999 D Option/right to buy 11.15 2013-06-19 2020-06-19 Common Stock 33333 175999 D Option/right to buy 7.28 2012-06-19 2019-06-19 Common Stock 33333 175999 D On June 21, 2010, the Company granted to Mr. Rowan an option to purchase 76,000 shares of common stock pursuant to its offer to certain employees, subject to specified conditions, to exchange some or all of their outstanding stock options (the "Exchange offer") on the terms and conditions set forth in the Offer to Exchange Specified Stock Options for New Stock Options, dated May 21, 2010 filed as Exhibit (a)(1)(A) to the Schedlue TO filed on that same date. subject to the EXchange Offer, Mr. Rowan tendered 100,000 stock options in exchenge for the 76,000 stock options grant described above. The grant vests as follows: 16,888 vest on June 21, 2011; 42,223 vest on June 21, 2012 and 16,889 vest on June 21, 2013. Ronald Rowan 2011-06-21