Major owner of Monarch Casino & Resort just sold 4,877 shares

Bob Farahi, a major owner of Monarch Casino & Resort and Monarch Casino & Resort's President and a director of the company, recently sold 4,877 shares of the company. The sales took place at $20.55 per share, on dates ranging from August 06 to August 08, 2013. Farahi still owns 2,037,410 shares of the company. Farahi operates out of Reno, NV. Some additional info was provided as follows:

The stock that was sold was held in trust. On October 21,2004, Mr. Farahi was granted an option pursuant to the Company's 1993 Executive Long Term Incentive Plan, as amended, to purchase 100,000 shares of the Company's common stock at $11.685 per share. The shares' vesting schedule is as follows: 33,332 vested on October 21, 2005; 33,334 vested on October 21, 2006 and 33,334 vested on October 21, 2007.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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