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: KATZ ROBERT A (Director, Chief Exec.Officer & Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-25	Common Stock	M	2074	—	Acquired	261369	Direct
2020-09-25	Common Stock	F	913	$225.26	Disposed	260456	Direct
2020-09-27	Common Stock	M	1494	—	Acquired	261950	Direct
2020-09-27	Common Stock	F	658	$225.26	Disposed	261292	Direct
2020-09-27	Common Stock	M	2201	—	Acquired	263493	Direct
2020-09-27	Common Stock	F	969	$225.26	Disposed	262524	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-25	Share Appreciation Right	$247.79	A	21371	Acquired	2030-09-25	Common Stock (21371.0)	Direct
2020-09-25	Share Appreciation Right	$247.79	A	19156	Acquired	2030-09-25	Common Stock (19156.0)	Direct
2020-09-25	Restricted Share Unit	$0.0	A	4694	Acquired		Common Stock (4694.0)	Direct
2020-09-25	Restricted Share Unit	$0.0	M	2074	Disposed		Common Stock (2074.0)	Direct
2020-09-27	Restricted Share Unit	$0.0	M	1494	Disposed		Common Stock (1494.0)	Direct
2020-09-27	Restricted Share Unit	$0.0	M	2201	Disposed		Common Stock (2201.0)	Direct

Footnotes

F1: 913 shares of common stock were withheld from the issuance of common stock to Reporting Person upon vesting of Restricted Share Units (RSUs) in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith.

F2: 658 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: 969 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 21,371 Share Appreciation Rights, which vest in three equal annual installments beginning on September 25, 2021.

F5: On September 25, 2020, Reporting Person was granted 19,156 Share Appreciation Rights, which vest in one installment on September 25, 2021.

F6: On September 25, 2020, Reporting Person was granted 4,694 RSUs, which vest in three equal annual installments beginning on September 25, 2021.

F7: On September 25, 2019, Reporting Person was granted 6,224 RSUs, which vest in three equal annual installments beginning on September 25, 2020.

F8: On September 27, 2018, Reporting Person was granted 4,484 RSUs, which vest in three equal annual installments beginning on September 27, 2019.

F9: On September 27, 2017, Reporting Person was granted 6,602 RSUs, which vested in three equal annual installments beginning on September 27, 2018.