ROYAL CARIBBEAN CRUISES LTD — Director's Dealing 2015

May 28, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL CARIBBEAN CRUISES LTD (RCL)
CIK: 0000884887
Period of Report: 2015-05-28

Reporting Person: Thompson Donald (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-28	Common Stock	A	917	—	Acquired	917	Direct

Footnotes

F1: Represents shares of common stock underlying immediately vested restricted stock units ("RSUs") granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan. The shares underlying the RSUs are issuable one year following the RSU grant date.

F2: Granted in consideration for service as a director of the issuer.