Major owner of Monarch Casino & Resort just sold 3,197 shares

Bob Farahi, a major owner of Monarch Casino & Resort and Monarch Casino & Resort's President and a director of the company, recently sold 3,197 shares of the company. The sales took place at $20.55 per share, on August 09, 2013. Farahi still owns 1,699,090 shares of the company. Farahi operates out of Reno, NV. Some additional info was provided as follows:

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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