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VAIL RESORTS INC — Director's Dealing 2011
Sep 22, 2011
30973_dirs_2011-09-22_a9410260-5322-45c7-a6bd-fc6378e9e2a8.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: 2011-09-20
Reporting Person: JONES JEFFREY W (Director, Co-President and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-09-21 | Common Stock | M | 2019 | — | Acquired | 44664 | Direct |
| 2011-09-21 | Common Stock | F | 628 | $39.83 | Disposed | 44036 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-09-20 | Restricted Share Unit | $0 | A | 15141 | Acquired | 2014-09-20 | Common Stock (15141) | Direct |
| 2011-09-20 | Share Appreciation Right | $39.65 | A | 83826 | Acquired | 2021-09-20 | Common Stock (83826) | Direct |
| 2011-09-21 | Restricted Share Unit | $0 | M | 2019 | Disposed | 2011-09-21 | Common Stock (2019) | Direct |
Footnotes
F1: Each Restricted Share Unit represents a contingent right to receive one share of common stock.
F2: On September 20, 2011, Reporting Person was granted 15,141 Restricted Share Units which vest in three equal annual installments commencing on the first anniversary of the grant date.
F3: Each Share Appreciation Right (each, a "SAR") represents a contingent right to receive, upon vesting, an amount of shares of Issuer's common stock equal to the positive difference (if any) between the fair market value of Issuer's common stock on the exercise date and the SAR exercise price, divided by the fair market value of Issuer's common stock on the exercise date.
F4: On September 20, 2011, Reporting Person was granted 83,826 SARs which vest in three equal annual installments commencing on the first anniversary of the grant date and expire 10 years from the grant date.
F5: On September 21, 2010, Reporting Person was granted 6,057 Restricted Share Units which vest in three equal annual installments commencing on the first anniversary of the grant date.
F6: 628 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.