ROYAL CARIBBEAN CRUISES LTD — Director's Dealing 2012

Feb 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL CARIBBEAN CRUISES LTD (RCL)
CIK: 0000884887
Period of Report: 2012-02-15

Reporting Person: Stein Bradley H (SVP, GC & ChiefComplianceOff)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-15	Common Stock	A	4971	—	Acquired	25613	Direct

Footnotes

F1: Represents shares of common stock underlying restricted stock units granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan. Award vests in four equal annual installments commencing on the first anniversary of the grant date.

F2: Granted in consideration for service as an officer of the issuer.