Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Cooley Richard L.
  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)
Vice President of Finance
(Last)
(First)
(Middle)
3800 S. VIRGINIA STREET
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2016
(Street)

RENO, NV 89502
4. If Amendment, Date 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
(City)
(State)
(Zip)
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
Common Stock               32,200 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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 $ 11.48 08/10/2016   S     10,000 10/21/2013 10/21/2020 Common Stock 10,000 $ 24 115,865 D  
Option/Right to Buy $ 11.48 08/19/2016   S     1,393 10/21/2013 10/21/2020 Common Stock 1,393 $ 24.5 115,865 D  
Option/Right to buy $ 11.48 11/11/2016   S     8,607 10/21/2013 10/21/2020 Common Stock 8,607 $ 24.5 105,865 D  
Option/Right to Buy $ 9.33 11/14/2016   S     4,135 10/21/2014 10/21/2021 Common stock 4,135 $ 25 115,865 D  
Option/Right to Buy $ 23.08 11/01/2016   A   20,000   11/01/2019 11/01/2026 Common Stock 20,000 $ 23.08 115,865 D  
Option/Right to buy $ 17.62             10/21/2018 10/21/2025 Common stock 20,000   115,865 D  
Option/Right to buy $ 12.32             10/21/2017 10/21/2024 Common Stock 20,000   115,865 D  
Option/Right to Buy $ 21.71             10/21/2016 10/21/2023 Common stock 20,000   115,865 D  
Option/Right to buy $ 8.56             10/09/2015 10/09/2022 Common stock 20,000   115,865 D  
Option/Right to buy $ 9.33             10/21/2014 10/21/2021 Common stock 15,865   115,865 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Cooley Richard L.
3800 S. VIRGINIA STREET
RENO, NV 89502
      Vice President of Finance  

Signatures

 Richard Cooley   11/21/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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