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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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)
08/01/2017
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
Option / Right to Buy $33.34 08/01/2017 A 6,667 08/01/2020 08/01/2027 Common Stock 6,667 $33.34 184,999 D
Options / Right to Buy $26.93 03/01/2020 03/01/2027 Common Stock 1,666 184,999 D
Options / Right to Buy $23.54 02/01/2020 02/01/2027 Common Stock 13,333 184,999 D
Options / Right to Buy $23.63 09/01/2019 09/01/2026 Common Stock 11,667 184,999 D
Options / Right to Buy $23.52 08/01/2019 08/01/2026 Common Stock 6,666 184,999 D
Options / Right to Buy $20.49 03/01/2019 03/01/2026 Common Stock 1,666 184,999 D
Options / Right to Buy $17.6 08/21/2018 08/21/2025 Common Stock 10,000 184,999 D
Options / Right to Buy $18.44 08/13/2018 08/13/2025 Common Stock 1,667 184,999 D
Options / Right to Buy $20.69 07/12/2018 07/12/2025 Common Stock 6,667 184,999 D
Options / Right to Buy $17.08 02/10/2018 02/10/2025 Common Stock 1,667 184,999 D
Options / Right to Buy $12.4 08/13/2017 08/13/2024 Common Stock 1,667 184,999 D
Options / Right to Buy $14.95 07/12/2017 07/12/2024 Common Stock 6,667 184,999 D
Options / Right to Buy $18.41 02/10/2017 02/10/2024 Common Stock 1,666 184,999 D
Options / Right to Buy $19 (1) 01/17/2024 Common Stock 40,000 184,999 D
Option / Right to Buy $20 08/13/2016 08/13/2023 Common Stock 1,667 184,999 D
Option / Right to Buy $17.79 07/12/2016 07/12/2023 Common Stock 6,666 184,999 D
Option / Right to Buy $10.33 02/10/2016 02/10/2023 Common Stock 1,666 184,999 D
Option / Right to Buy $7.55 (2) 08/21/2022 Common Stock 30,000 184,999 D
Option / Right to Buy $7.42 08/13/2015 08/13/2022 Common Stock 1,667 184,999 D
Option / Right to Buy $9.3 08/13/2014 08/13/2021 Common Stock 1,667 184,999 D
Option / Right to Buy $10.2 (3) 07/12/2020 Common Stock 20,000 184,999 D
Option / Right to Buy $11.15 (4) 06/21/2020 Common Stock 5,000 184,999 D
Option / Right to Buy $6.72 (5) 02/10/2020 Common Stock 5,000 184,999 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
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 08/02/2017
** Signature of Reporting Person Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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