VAIL RESORTS INC — Director's Dealing 2018

Mar 14, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2018-03-12

Reporting Person: Siurek Ryan H (SVP, Controller & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-12	Common Stock	M	419	$129.64	Acquired	520	Direct
2018-03-12	Common Stock	F	305	$223.42	Disposed	215	Direct
2018-03-12	Common Stock	M	1067	$160.56	Acquired	1282	Direct
2018-03-12	Common Stock	F	859	$223.42	Disposed	423	Direct
2018-03-13	Common Stock	S	322	$221.25	Disposed	101	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-12	Share Appreciation Right	$129.64	M	419	Disposed	2026-05-01	Common Stock (419.0)	Direct
2018-03-12	Share Appreciation Right	$160.56	M	1067	Disposed	2026-09-23	Common Stock (1067.0)	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 Share Appreciation Rights vest in three equal annual installments which began on May 1, 2017.

F3: The Share Appreciation Rights vest in three equal annual installments which began on September 23, 2017.