4//SEC Filing
Farahi David-Jacques 4
Accession 0000907242-21-000017
CIK 0000907242other
Filed
Sep 6, 8:00 PM ET
Accepted
Sep 7, 7:35 PM ET
Size
19.1 KB
Accession
0000907242-21-000017
Insider Transaction Report
Form 4
Farahi David-Jacques
Chief Operating Officer
Transactions
- Exercise/Conversion
Options / Right to Buy
2021-09-02−18,333→ 131,666 total→ Common Stock (18,333 underlying) - Other
Options / Right to Buy
2021-09-03−33,333→ 33,334 total→ Common Stock (33,333 underlying) - Exercise/Conversion
Common Stock
2021-09-02+18,333→ 34,140 total - Other
Options / Right to Buy
2021-09-03−31,666→ 100,000 total→ Common Stock (31,666 underlying) - Other
Options / Right to Buy
2021-09-03−33,333→ 66,667 total→ Common Stock (33,333 underlying) - Other
Options / Right to Buy
2021-09-03−33,334→ 0 total→ Common Stock (33,334 underlying) - Tax Payment
Common Stock
2021-09-02$66.20/sh−15,406$1,019,877→ 18,734 total
Footnotes (6)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
Documents
Issuer
MONARCH CASINO & RESORT INC
CIK 0000907242
Entity typeother
Related Parties
1- filerCIK 0001548756
Filing Metadata
- Form type
- 4
- Filed
- Sep 6, 8:00 PM ET
- Accepted
- Sep 7, 7:35 PM ET
- Size
- 19.1 KB