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ROYAL CARIBBEAN CRUISES LTD Director's Dealing 2012

Feb 21, 2012

29893_dirs_2012-02-21_7023b78f-af88-4958-a8a5-6a199eddcce3.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: 2012-02-17

Reporting Person: Fain Richard D (Director, Chairman & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-02-17 Common Stock S 65500 $30.84 Disposed 1221946 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 421412 Indirect

Footnotes

F1: The shares of common stock were sold primarily to cover taxes incurred as a result of recent vestings of restricted stock units.

F2: Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2012. The actual sale prices ranged from a low of $30.80 to a high of $30.91. The Reporting Person undertakes to provide upon request of the SEC Staff, Royal Caribbean Cruises Ltd. or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the range.

F3: The reporting person disclaims beneficial ownership of some or all of these shares.

F4: Shares owned by Monument Capital Corporation as nominee for various trusts primarily for the benefit of certain members of the Fain family.