VAIL RESORTS INC — Director's Dealing 2016

Sep 28, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2016-09-26

Reporting Person: Campbell Patricia A (President-Mountain Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-26	Common Stock	M	388	—	Acquired	12027	Direct
2016-09-26	Common Stock	F	181	$155.80	Disposed	11846	Direct
2016-09-26	Common Stock	M	4536	—	Acquired	16382	Direct
2016-09-26	Common Stock	F	1611	$155.80	Disposed	14771	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-26	Restricted Share Unit	$0.0	M	388	Disposed		Common Stock (388.0)	Direct
2016-09-26	Restricted Share Unit	$0.0	M	4536	Disposed		Common Stock (4536.0)	Direct

Footnotes

F1: On September 26, 2013, Reporting Person was granted 1,165 Restricted Share Units ("RSUs"), which vest in three equal annual installments beginning on September 26, 2014.

F2: 181 shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of RSUs in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.

F3: On September 26, 2013, Reporting Person was granted 4,536 RSUs, which cliff vested on September 26, 2016.

F4: 1,611 shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of RSUs in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.