VAIL RESORTS INC — Director's Dealing 2018

Jun 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2018-06-08

Reporting Person: O'Donnell James C. (EVP, Hospitality, Retail & RE)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-08	Common Stock	M	1607	$39.65	Acquired	4574	Direct
2018-06-08	Common Stock	F	630	$275.25	Disposed	3944	Direct
2018-06-08	Common Stock	M	1650	$43.62	Acquired	5594	Direct
2018-06-08	Common Stock	F	665	$275.25	Disposed	4929	Direct
2018-06-11	Common Stock	S	1162	$274.30	Disposed	3767	Direct
2018-06-11	Common Stock	S	600	$275.36	Disposed	3167	Direct
2018-06-11	Common Stock	S	200	$277.01	Disposed	2967	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-08	Share Appreciation Right	$39.65	M	1607	Disposed	2021-09-20	Common Stock (1607.0)	Direct
2018-06-08	Share Appreciation Right	$43.62	M	1650	Disposed	2022-02-01	Common Stock (1650.0)	Direct

Footnotes

F1: Shares of common stock were withheld from the issuance of common stock to the Reporting Person upon exercise in order to satisfy the Reporting Person's obligations for payment of the exercise price and withholding and other taxes due in connection therewith.

F2: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.91 to $274.61, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F3: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.00 to $275.95, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.52 to $277.49, inclusive. The Reporting Person undertakes to provide Vail Resorts, Inc., any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

F5: The Share Appreciation Rights vested in three equal installments on September 20, 2012, 2013 and 2014.

F6: The Share Appreciation Rights vested in three equal installments on February 1, 2013, 2014 and 2015.