VAIL RESORTS INC — Director's Dealing 2013

Sep 27, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2013-09-26

Reporting Person: KATZ ROBERT A (Director, Chief Exec.Officer & Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-26	Restricted Share Unit	$0	A	3802	Acquired		Common Stock (3802)	Direct
2013-09-26	Share Appreciation Right	$68.98	A	81340	Acquired	2023-09-26	Common Stock (81340)	Direct
2013-09-26	Share Appreciation Right	$86.23	A	81340	Acquired	2023-09-26	Common Stock (81340)	Direct

Footnotes

F1: On September 26, 2013, Reporting Person was granted 3,802 Restricted Share Units which vest in three equal annual installments beginning on September 26, 2014.

F2: On September 26, 2013, Reporting Person was granted 81,340 Share Appreciation Rights which vest in three equal annual installments beginning on September 26, 2014.

F3: On September 26, 2013, Reporting Person was granted 81,340 Share Appreciation Rights which vest in three equal annual installments beginning on September 26, 2014.