ROYAL CARIBBEAN CRUISES LTD — Director's Dealing 2012

Feb 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL CARIBBEAN CRUISES LTD (RCL)
CIK: 0000884887
Period of Report: 2012-02-11

Reporting Person: Bayley Michael W (EVP, International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-11	Common Stock	F	302	$30.91	Disposed	27120	Direct

Footnotes

F1: Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of 1,142 shares underlying certain restricted stock units on 2/11/2012.

F2: Represents the average of the high and low prices for the issuer's common stock on the NYSE on 2/10/2012.