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: Campbell Patricia A (President-Mountain Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-25	Common Stock	M	1152	—	Acquired	15871	Direct
2020-09-25	Common Stock	F	334	$225.26	Disposed	15537	Direct
2020-09-27	Common Stock	M	957	—	Acquired	16494	Direct
2020-09-27	Common Stock	F	278	$225.26	Disposed	16216	Direct
2020-09-27	Common Stock	M	850	—	Acquired	17066	Direct
2020-09-27	Common Stock	F	247	$225.26	Disposed	16819	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-25	Restricted Share Unit	$0.0	A	3403	Acquired		Common Stock (3403.0)	Direct
2020-09-25	Share Appreciation Right	$225.26	A	13765	Acquired	2030-09-25	Common Stock (13765.0)	Direct
2020-09-25	Share Appreciation Right	$247.79	A	8161	Acquired	2030-09-25	Common Stock (8161.0)	Direct
2020-09-25	Restricted Share Unit	$0.0	M	1152	Disposed		Common Stock (1152.0)	Direct
2020-09-27	Restricted Share Unit	$0.0	M	957	Disposed		Common Stock (957.0)	Direct
2020-09-27	Restricted Share Unit	$0.0	M	850	Disposed		Common Stock (850.0)	Direct

Footnotes

F1: 334 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: 278 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: 247 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 3,403 RSUs, which vest in three equal annual installments beginning on September 25, 2021.

F5: On September 25, 2020, Reporting Person was granted 13,765 Share Appreciation Rights, which vest in three equal annual installments beginning on September 25, 2021.

F6: On September 25, 2020, Reporting Person was granted 8,161 Share Appreciation Rights, which vests in one installment on September 25, 2021.

F7: On September 25, 2019, Reporting Person was granted 3,456 RSUs, which vest in three equal annual installments beginning on September 25, 2020.

F8: On September 27, 2018, Reporting Person was granted 2,872 RSUs, which vest in three equal annual installments beginning on September 27, 2019.

F9: On September 27, 2017, Reporting Person was granted 2,550 RSUs, which vested in three equal annual installments beginning on September 27, 2018.