VAIL RESORTS INC — Director's Dealing 2013

Sep 24, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2013-09-20

Reporting Person: Arnold Fiona (Exec. V.P., G.C. & Secy.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-09-20	Common Stock	M	642	—	Acquired	4928	Direct
2013-09-20	Common Stock	F	206	$69.16	Disposed	4722	Direct
2013-09-21	Common Stock	M	504	—	Acquired	5226	Direct
2013-09-21	Common Stock	F	162	$69.16	Disposed	5064	Direct
2013-09-21	Common Stock	M	10752	—	Acquired	15816	Direct
2013-09-21	Common Stock	F	4564	$69.16	Disposed	11252	Direct
2013-09-21	Common Stock	M	479	—	Acquired	11731	Direct
2013-09-21	Common Stock	F	224	$69.16	Disposed	11507	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-09-20	Restricted Share Unit	$0	M	642	Disposed		Common Stock (642)	Direct
2013-09-21	Restricted Share Unit	$0	M	504	Disposed		Common Stock (504)	Direct
2013-09-21	Restricted Share Unit	$0	M	10752	Disposed		Common Stock (10752)	Direct
2013-09-21	Restricted Share Unit	$0	M	479	Disposed		Common Stock (479)	Direct

Footnotes

F1: On September 20, 2011, Reporting Person was granted 1,928 Restricted Share Units which vest in three equal annual installments beginning on September 20, 2012.

F2: 206 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.

F3: On September 21, 2010, Reporting Person was granted 1,512 Restricted Share Units which vest in three equal annual installments beginning on September 21, 2011.

F4: 162 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.

F5: On September 21, 2010, Reporting Person was granted 10,752 Restricted Share Units which vested in one installment on September 21, 2013.

F6: 4,564 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.

F7: On September 21, 2012, Reporting Person was granted 1,437 Restricted Share Units which vest in three equal annual installments beginning on September 21, 2013.

F8: 224 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.