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

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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).

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