VAIL RESORTS INC — Director's Dealing 2014

Sep 25, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2014-09-23

Reporting Person: Lynch Kirsten A. (EVP & Chief Marketing Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-23	Restricted Share Unit	$0	A	2250	Acquired		Common Stock (2250)	Direct
2014-09-23	Share Appreciation Right	$87.18	A	15360	Acquired	2024-09-23	Common Stock (15360)	Direct

Footnotes

F1: On September 23, 2014, Reporting Person was granted 2,250 Restricted Share Units which vest in three equal annual installments beginning on September 23, 2015.

F2: On September 23, 2014, Reporting Person was granted 15,360 Share Appreciation Rights which vest in three equal annual installments beginning on September 23, 2015.