SEC Form 4 · accession 0000812011-17-000111
VAIL RESORTS INC · MTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Katz
Officer — Chief Exec.Officer & Chairman · Director
Period of report
Oct 2, 2017
Accepted (ET)
Oct 2, 2017 · 6:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000812011
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 2, 2017 | M | 113,871 | $40.09 | A | 358,584 | D | |
| Common StockF1 | Oct 2, 2017 | F | 64,030 | $221.95 | D | 294,554 | D | |
| Common Stock | Oct 2, 2017 | M | 521,262 | $18.88 | A | 815,816 | D | |
| Common StockF1 | Oct 2, 2017 | F | 266,491 | $221.95 | D | 549,325 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share Appreciation RightsF2 | $40.09 | Oct 2, 2017 | M | 113,871 | D | — | Sep 23, 2018 | Common Stock | 113,871 | 0 | D |
| Share Appreciation RightsF3 | $18.88 | Oct 2, 2017 | M | 521,262 | D | — | Mar 1, 2019 | Common Stock | 521,262 | 0 | D |
Explanation of responses
- F1Shares 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. Reporting Person is holding the net shares received in connection with the exercise.
- F2The Share Appreciation Rights vested in three equal installments on September 23, 2009, 2010 and 2011. Reporting Person is exercising the Share Appreciation Rights prior to the expiration date of September 23, 2018.
- F3The Share Appreciation Rights vested in full on September 30, 2011. Reporting Person is exercising the Share Appreciation Rights prior to the expiration date of March 1, 2019.