VAIL RESORTS INC — Director's Dealing 2010

Sep 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2010-09-21

Reporting Person: SORTE JOHN F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-22	Common Stock	M	3437	$36.23	Acquired	24775	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-21	Restricted Share Unit	$0	A	3427	Acquired	2013-09-21	Common Stock (3427)	Direct
2010-09-22	Restricted Share Unit	$0	M	3437	Disposed	2010-09-22	Common Stock (3437)	Direct

Footnotes

F1: Each Restricted Share Unit represents a contingent right to receive one share of common stock.

F2: On September 21, 2010, Reporting Person was granted 3,427 Restricted Share Units which cliff vest on the first anniversary of the grant date.

F3: On September 22, 2009, Reporting Person was granted 3,437 Restricted Share Units which vest in one installment on the first anniversary of the grant date.