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: Barkin Michael Z (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-26	Common Stock	M	514	—	Acquired	4253	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-25	Restricted Share Unit	$0	A	1891	Acquired		Common Stock (1891)	Direct
2015-09-25	Share Appreciation Right	$107.42	A	13169	Acquired	2025-09-25	Common Stock (13169)	Direct
2015-09-26	Restricted Share Unit	$0	M	514	Disposed		Common Stock (514)	Direct

Footnotes

F1: On September 26, 2013, Reporting Person was granted 1,542 Restricted Share Units ("RSUs"), which vest in three equal annual installments beginning on September 26, 2014.

F2: On September 25, 2015, Reporting Person was granted 1,891 RSUs, which vest in three equal annual installments beginning on September 25, 2016.

F3: On September 25, 2015, Reporting Person was granted 13,169 Share Appreciation Rights, which vest in three equal annual installments beginning on September 25, 2016.