United States SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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(f) of the Investment Company Act of 1940. [ ] Check box if no longer subject to section 16. Form 4 or Form 5 obligations may continue. John Farahi Monarch Casino & Resort, Inc. - MCRI ------------------------- ---------------------------------------- Name of Reporting Person Issuer Name and Ticker or Trading Symbol 1175 West Moana Lane, Suite 200 Reno, NV 89509 ------------------------------- ---------------- Address of Reporting Person City, State, Zip ------------------------------------------------------------- IRS or Social Security Number of Reporting Person (Voluntary) July, 2002 ------------------------ --------------------- Statement for Month/Year If Amendment, Date of Original (Month/Year) ----------------------------------------------------------------------------- Relationship of Reporting Person to Issuer (Check all applicable) Director x Officer x 10% Owner x Other ----- ----- ----- ----- ----------------------------------------------------------------------------- Individual or Joint/Group Filing (Check applicable line) [X] Form filed by One Reporting Person [ ] Form filed by More than One Reporting Person ----------------------------------------------------------------------------- -1- TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned Title of Transaction Transaction Securities Acquired (A) Amount of Ownership Nature of Security Date Code or Disposed of (D) Securities Form: Indirect Beneficially Direct (D) Beneficial Owned at End or Indirect(I) Ownership of Month ------------ -------------------------- Code V Amount (A) or (D) Price -------- ----------- -------- --- -------- ----------- ----- ------------ ------------- ---------- Common Stock* 07/02/02 S 586,555 D $12.50 1,484,279 D * John Farahi sold these shares of common stock pursuant to a registration statement on Form S-3(registration number 333-89698) filed with the Securities and Exchange Commission on June 3, 2002, as amended on June 17, 2002. TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned None. -2- SIGNATURES Signature of Reporting Person /S/ John Farahi -------------------- JOHN FARAHI 08/13/02 -------- DATE -3-