VAIL RESORTS INC — Director's Dealing 2019

Jun 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2019-06-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-06-10	Common Stock	M	14077	$37.20	Acquired	33729	Direct
2019-06-10	Common Stock	F	6952	$235.53	Disposed	26777	Direct
2019-06-10	Common Stock	M	15188	$39.65	Acquired	41965	Direct
2019-06-10	Common Stock	F	8113	$235.53	Disposed	33852	Direct
2019-06-10	Common Stock	S	2103	$234.84	Disposed	31749	Direct
2019-06-10	Common Stock	S	2836	$235.48	Disposed	28913	Direct
2019-06-10	Common Stock	S	1468	$236.57	Disposed	27445	Direct
2019-06-10	Common Stock	S	24	$237.59	Disposed	27421	Direct
2019-06-11	Common Stock	S	6115	$231.03	Disposed	21306	Direct
2019-06-11	Common Stock	S	6729	$231.84	Disposed	14577	Direct
2019-06-11	Common Stock	S	1356	$232.97	Disposed	13221	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-06-10	Share Appreciation Right	$37.2	M	14077	Disposed	2020-09-21	Common Stock (14077.0)	Direct
2019-06-10	Share Appreciation Right	$39.65	M	15188	Disposed	2021-09-20	Common Stock (15188.0)	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 $234.20 to $235.10, 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 $235.20 to $236.06, 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.

F4: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $236.39 to $236.74, 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.

F5: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.40 to $231.37, 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.

F6: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $231.41 to $232.38, 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 $232.44 to $233.43, 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 Stock Appreciation Rights vested in three equal installments on September 21, 2011, 2012 and 2013.

F9: The Stock Appreciation Rights vested in three equal installments on September 20, 2012, 2013 and 2014.