VAIL RESORTS INC — Director's Dealing 2019

Oct 1, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2019-09-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-27	Common Stock	M	91	—	Acquired	1069	Direct
2019-09-27	Common Stock	F	27	$236.98	Disposed	1042	Direct
2019-09-27	Common Stock	M	138	—	Acquired	1180	Direct
2019-09-27	Common Stock	F	40	$236.98	Disposed	1140	Direct
2019-09-30	Common Stock	S	98	$234.50	Disposed	1042	Direct
2019-09-30	Common Stock	S	700	$235.85	Disposed	342	Direct
2019-09-30	Common Stock	S	100	$236.98	Disposed	242	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-27	Restricted Share Unit	$0.0	M	91	Disposed		Common Stock (91.0)	Direct
2019-09-27	Restricted Share Unit	$0.0	M	138	Disposed		Common Stock (138.0)	Direct

Footnotes

F1: On September 27, 2017, Reporting Person was granted 275 Restricted Share Units ("RSUs"), which vest in three equal annual installments beginning on September 27, 2018.

F2: 27 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 27, 2018, Reporting Person was granted 412 RSUs, which vest in three equal annual installments beginning on September 27, 2019.

F4: 40 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.

F5: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.55 to $236.52, 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.