VAIL RESORTS INC — Director's Dealing 2015

Aug 4, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2015-08-01

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-08-01	Restricted Share Unit	$0	A	162	Acquired		Common Stock (162)	Direct
2015-08-01	Restricted Share Unit	$0	A	4943	Acquired		Common Stock (4943)	Direct
2015-08-01	Share Appreciation Right	$109.69	A	1539	Acquired	2025-08-01	Common Stock (1539)	Direct

Footnotes

F1: On August 1, 2015, Reporting Person was granted 162 Restricted Share Units ("RSUs"), which vest in three equal annual installments beginning on August 1, 2016.

F2: On August 1, 2015, Reporting Person was granted 4,943 RSUs, which cliff vest on August 1, 2018.

F3: On August 1, 2015, Reporting Person was granted 1,539 Share Appreciation Rights, which vest in three equal annual installments beginning on August 1, 2016.