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VAIL RESORTS INC Director's Dealing 2010

Sep 27, 2010

30973_dirs_2010-09-27_67cf8ee7-4293-4115-b518-570cd9d8b885.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2010-09-23

Reporting Person: Toner Paul (SVP & COO RockResorts & VRHosp)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-09-23 Common Stock M 331 Acquired 2229 Direct
2010-09-23 Common Stock F 103 $35.40 Disposed 2126 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-09-23 Restricted Share Unit $0 M 331 Disposed 2010-09-23 Common Stock (331) Direct

Footnotes

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

F2: On September 23, 2008, Reporting Person was granted 993 Restricted Share Units which vest in three equal annual installments commencing on the first anniversary of the grant date.

F3: 103 shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of Restricted Share Units in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.