Vail Resorts (MTN) Form 4 VAIL RESORTS / MARK L SCHOPPET ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SCHOPPET MARK L

(Last) (First) (Middle)

C/O VAIL RESORTS, INC.

390 INTERLOCKEN CRESCENT

(Street)

BROOMFIELD CO 80021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VAIL RESORTS INC [ MTN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, Controller & CAO

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/11/2015		M		5,000	A	$34.37	11,031	D
Common Stock	06/11/2015		S		5,000	D	$105.711(1)	6,031	D
Common Stock	06/11/2015		M		8,007	A	$39.72	14,038	D
Common Stock	06/11/2015		F		4,605(2)	D	$105.87	9,433	D
Common Stock	06/11/2015		M		3,551	A	$16.51	12,984	D
Common Stock	06/11/2015		F		1,837(2)	D	$105.87	11,147	D
Common Stock	06/11/2015		M		10,000	A	$35.84	21,147	D
Common Stock	06/11/2015		F		6,468(2)	D	$105.87	14,679	D
Common Stock	06/12/2015		S		8,148	D	$105.844(3)	6,531	D
Common Stock	06/12/2015		S		500	D	$106.556(4)	6,031	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$34.37	06/11/2015		M			5,000	(5)	11/08/2015	Common Stock	5,000	$0	0	D
Share Appreciation Right	$39.72	06/11/2015		M			8,007	(6)	10/04/2016	Common Stock	8,007	$0	0	D
Share Appreciation Right	$16.51	06/11/2015		M			3,551	(7)	03/10/2019	Common Stock	3,551	$0	0	D
Share Appreciation Right	$35.84	06/11/2015		M			10,000	(8)	09/22/2019	Common Stock	10,000	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.545 to $105.830, 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 footnotes (1), (3) and (4) to this Form 4.

2. Shares of common stock were withheld from the issuance of common stock to Reporting Person upon exercise in order to satisfy Reporting Person's obligations for payment of the exercise price and withholding and other taxes due in connection therewith.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.40 to $106.37, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.46 to $106.74, inclusive.

5. The option vested in three equal installments on November 8, 2006, 2007 and 2008.

6. The Share Appreciation Rights ("SARs") vested in three equal installments on October 4, 2007, 2008 and 2009.

7. The SARs vested in three equal installments on March 10, 2010, 2011 and 2012.

8. The SARs vested in three equal installments on September 22, 2010, 2011 and 2012.

	Mila Birnbaum, Attorney-in-Fact for Mark L. Schoppet	06/15/2015
	** Signature of Reporting Person	Date
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