Major owner of Monarch Casino & Resort just sold 100 shares

Bob Farahi, a major owner of Monarch Casino & Resort and Monarch Casino & Resort's President and a director of the company, recently sold 100 shares of the company. The sales took place at $20.55 per share, on August 23, 2013. Farahi still owns 1,698,990 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 purusant 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 w as disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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