VAIL RESORTS INC — Director's Dealing 2015

Sep 29, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2015-09-25

Reporting Person: Shapiro David T (EVP, General Counsel & Sec.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-25	Restricted Share Unit	$0	A	1518	Acquired		Common Stock (1518)	Direct
2015-09-25	Share Appreciation Right	$107.42	A	9940	Acquired	2025-09-25	Common Stock (9940)	Direct

Footnotes

F1: On September 25, 2015, Reporting Person was granted 1,518 Restricted Share Units, which vest in three equal annual installments beginning on September 25, 2016.

F2: On September 25, 2015, Reporting Person was granted 9,940 Share Appreciation Rights, which vest in three equal annual installments beginning on September 25, 2016.