VAIL RESORTS INC — Director's Dealing 2014

Sep 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2014-09-20

Reporting Person: SCHOPPET MARK L (SVP, Controller & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-20	Common Stock	M	512	—	Acquired	5726	Direct
2014-09-20	Common Stock	F	164	$88.33	Disposed	5562	Direct
2014-09-21	Common Stock	M	382	—	Acquired	5944	Direct
2014-09-21	Common Stock	F	123	$88.33	Disposed	5821	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-09-20	Restricted Share Unit	$0	M	512	Disposed		Common Stock (512)	Direct
2014-09-21	Restricted Share Unit	$0	M	382	Disposed		Common Stock (382)	Direct

Footnotes

F1: On September 20, 2011, Reporting Person was granted 1,537 Restricted Share Units which vest in three equal annual installments beginning September 20, 2012.

F2: 164 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, 2012, Reporting Person was granted 1,146 Restricted Share Units which vest in three equal annual installments beginning September 21, 2013.

F4: 123 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.