VAIL RESORTS INC — Director's Dealing 2015

Sep 23, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2015-09-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-09-21	Common Stock	M	479	—	Acquired	2994	Direct
2015-09-21	Common Stock	F	223	$108.13	Disposed	2771	Direct
2015-09-21	Common Stock	M	7717	—	Acquired	10488	Direct
2015-09-21	Common Stock	F	2468	$108.13	Disposed	8020	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-09-21	Restricted Share Unit	$0	M	479	Disposed		Common Stock (479)	Direct
2015-09-21	Restricted Share Unit	$0	M	7717	Disposed		Common Stock (7717)	Direct

Footnotes

F1: On September 21, 2012, Reporting Person was granted 1,437 Restricted Share Units which vest in three equal annual installments beginning on September 21, 2013.

F2: 223 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 7,717 Restricted Share Units which cliff vested on September 21, 2015.

F4: 2,468 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.