SEC Form 4 · accession 0000812011-17-000117
VAIL RESORTS INC · MTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Z Barkin
Officer — EVP & Chief Financial Officer
Period of report
Oct 9, 2017
Accepted (ET)
Oct 11, 2017 · 6:24 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 9, 2017 | M | 1,457 | $50.11 | A | 14,015 | D | |
| Common StockF1 | Oct 9, 2017 | F | 799 | $216.56 | D | 13,216 | D | |
| Common Stock | Oct 9, 2017 | M | 7,891 | $54.07 | A | 21,107 | D | |
| Common StockF1 | Oct 9, 2017 | F | 4,729 | $216.56 | D | 16,378 | D | |
| Common Stock | Oct 9, 2017 | M | 3,651 | $60.67 | A | 20,029 | D | |
| Common StockF1 | Oct 9, 2017 | F | 2,248 | $216.56 | D | 17,781 | D | |
| Common Stock | Oct 9, 2017 | M | 7,500 | $68.98 | A | 25,281 | D | |
| Common StockF1 | Oct 9, 2017 | F | 4,770 | $216.56 | D | 20,511 | D | |
| Common StockF2 | Oct 10, 2017 | S | 3,771 | $216.23 | D | 16,740 | D | |
| Common StockF3 | Oct 10, 2017 | S | 4,182 | $216.84 | D | 12,558 | 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 RightF4 | $50.11 | Oct 9, 2017 | M | 1,457 | D | — | Jul 30, 2022 | Common Stock | 1,457 | 0 | D |
| Share Appreciation RightF5 | $54.07 | Oct 9, 2017 | M | 7,891 | D | — | Sep 21, 2022 | Common Stock | 7,891 | 0 | D |
| Share Appreciation RightF6 | $60.67 | Oct 9, 2017 | M | 3,651 | D | — | Apr 8, 2023 | Common Stock | 3,651 | 0 | D |
| Share Appreciation RightF7 | $68.98 | Oct 9, 2017 | M | 7,500 | D | — | Sep 26, 2023 | Common Stock | 7,500 | 6,656 | 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.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $215.70 to $216.48, 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 this footnote.
- F3The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $216.50 to $217.25, 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 this footnote.
- F4The Share Appreciation Rights vested in three equal installments on July 30, 2013, 2014 and 2015.
- F5The Share Appreciation Rights vested in three equal installments on September 21, 2013, 2014 and 2015.
- F6The Share Appreciation Rights vested in three equal installments on April 8, 2014, 2015 and 2016.
- F7The Share Appreciation Rights vested in three equal installments on September 26, 2014, 2015 and 2016.