VAIL RESORTS INC — Director's Dealing 2014

Sep 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2014-09-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-26	Common Stock	M	1268	—	Acquired	160971	Direct
2014-09-26	Common Stock	F	591	$85.69	Disposed	160380	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-26	Restricted Share Unit	$0	M	1268	Disposed		Common Stock (1268)	Direct

Footnotes

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

F2: 591 shares of common stock were withheld from the issuance of common stock to the 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.