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: KATZ ROBERT A (Director, Chief Exec.Officer & Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-08	Common Stock	M	123539	$35.84	Acquired	556964	Direct
2018-06-08	Common Stock	F	63034	$275.25	Disposed	493930	Direct
2018-06-08	Common Stock	M	108344	$37.20	Acquired	602274	Direct
2018-06-08	Common Stock	F	55853	$275.25	Disposed	546421	Direct
2018-06-11	Common Stock	S	12403	$271.01	Disposed	534018	Direct
2018-06-11	Common Stock	S	15257	$271.90	Disposed	518761	Direct
2018-06-11	Common Stock	S	3695	$272.82	Disposed	515066	Direct
2018-06-11	Common Stock	S	9145	$274.13	Disposed	505921	Direct
2018-06-11	Common Stock	S	2500	$274.74	Disposed	503421	Direct
2018-06-11	Common Stock	S	200	$275.56	Disposed	503221	Direct
2018-06-11	Common Stock	S	2000	$277.68	Disposed	501221	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-08	Share Appreciation Right	$35.84	M	123539	Disposed	2019-09-22	Common Stock (123539.0)	Direct
2018-06-08	Share Appreciation Right	$37.2	M	108344	Disposed	2020-09-21	Common Stock (108344.0)	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 $270.51 to $271.48, 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 rangesset forth in this footnote.

F3: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $271.52 to $272.37, 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 $272.53 to $273.52, 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 price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.55 to $274.41, 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.

F6: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.56 to $275.06, 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.

F7: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.27 to $277.74, 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.

F8: The Share Appreciation Rights vested in three equal installments on September 22, 2010, 2011 and 2012.

F9: The Share Appreciation Rights vested in three equal installments on September 21, 2011, 2012 and 2013.