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VAIL RESORTS INC — Director's Dealing 2015
Dec 11, 2015
30973_dirs_2015-12-11_58d6b9c7-fd08-4ae5-9eb4-6cfdb2f64a6d.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2015-12-10
Reporting Person: SCHOPPET MARK L (SVP, Controller & CAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-12-10 | Common Stock | M | 14077 | $37.20 | Acquired | 20614 | Direct |
| 2015-12-10 | Common Stock | F | 8736 | $128.44 | Disposed | 11878 | Direct |
| 2015-12-10 | Common Stock | M | 15188 | $39.65 | Acquired | 27066 | Direct |
| 2015-12-10 | Common Stock | F | 9580 | $128.44 | Disposed | 17486 | Direct |
| 2015-12-11 | Common Stock | S | 10798 | $127.65 | Disposed | 6688 | Direct |
| 2015-12-11 | Common Stock | S | 151 | $128.187 | Disposed | 6537 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-12-10 | Share Appreciation Right | $37.20 | M | 14077 | Disposed | 2020-09-21 | Common Stock (14077) | Direct |
| 2015-12-10 | Share Appreciation Right | $39.65 | M | 15188 | Disposed | 2021-09-20 | Common Stock (15188) | Direct |
Footnotes
F1: Shares of common stock were withheld from the issuance of common stock to Reporting Person upon exercise in order to satisfy Reporting Person's obligations for payment of the exercise price and withholding and other taxes due in connection therewith.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $127.17 to $128.17, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.
F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.18 to $128.19, inclusive.
F4: The Share Appreciation Rights ("SARs") vested in three equal installments on September 21, 2011, 2012 and 2013.
F5: The SARs vested in three equal installments on September 20, 2012, 2013 and 2014.