VAIL RESORTS INC — Director's Dealing 2020

Sep 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VAIL RESORTS INC (MTN)
CIK: 0000812011
Period of Report: 2020-09-25

Reporting Person: Shapiro David T (EVP, General Counsel & Sec.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-25	Common Stock	M	794	—	Acquired	2084	Direct
2020-09-25	Common Stock	F	231	$225.26	Disposed	1853	Direct
2020-09-27	Common Stock	M	679	—	Acquired	2532	Direct
2020-09-27	Common Stock	F	197	$225.26	Disposed	2335	Direct
2020-09-27	Common Stock	M	541	—	Acquired	2876	Direct
2020-09-27	Common Stock	F	157	$225.26	Disposed	2719	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-25	Restricted Share Unit	$0.0	A	2494	Acquired		Common Stock (2494.0)	Direct
2020-09-25	Share Appreciation Right	$225.26	A	10089	Acquired		Common Stock (10089.0)	Direct
2020-09-25	Restricted Share Unit	$0.0	M	794	Disposed		Common Stock (794.0)	Direct
2020-09-27	Restricted Share Unit	$0.0	M	679	Disposed		Common Stock (679.0)	Direct
2020-09-27	Restricted Share Unit	$0.0	M	541	Disposed		Common Stock (541.0)	Direct

Footnotes

F1: 231 shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of Restricted Stock Units (RSUs) in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.

F2: 197 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: 157 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.

F4: On September 25, 2020, Reporting Person was granted 2,494 RSUs, which vest in three equal annual installments beginning on September 25, 2021.

F5: On September 25, 2020, Reporting Person was granted 10,089 Share Appreciation Rights, which vest in three equal annual installments beginning on September 25, 2021.

F6: On September 25, 2019, Reporting Person was granted 2,384 RSUs, which vest in three equal annual installments beginning on September 25, 2020.

F7: On September 27, 2018, Reporting Person was granted 2,038 RSUs, which vest in three equal annual installments beginning on September 27, 2019.

F8: On September 27, 2017, Reporting Person was granted 1,623 RSUs, which vested in three equal annual installments beginning on September 27, 2018.