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ROYAL CARIBBEAN CRUISES LTD Director's Dealing 2012

Feb 13, 2012

29893_dirs_2012-02-13_95a305ad-addb-4003-9daa-c4815acda8f5.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL CARIBBEAN CRUISES LTD (RCL)
CIK: 0000884887
Period of Report: 2012-02-10

Reporting Person: Rice Brian J (EVP, Finance & CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-02-10 Common Stock F 15435 $30.91 Disposed 98508 Direct
2012-02-11 Common Stock F 1605 $30.91 Disposed 96903 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2000 Indirect

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 23,228 shares underlying certain restricted stock units on 2/10/2012.

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

F3: 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 4,405 shares underlying certain restricted stock units on 2/11/2012.

F4: The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.