SEC Form 4 · accession 0000812011-18-000040
VAIL RESORTS INC · MTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricia A Campbell
Officer — President-Mountain Division
Period of report
Jun 11, 2018
Accepted (ET)
Jun 13, 2018 · 5:03 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 | Jun 11, 2018 | M | 3,299 | $16.51 | A | 19,431 | D | |
| Common StockF1 | Jun 11, 2018 | F | 1,128 | $271.99 | D | 18,303 | D | |
| Common Stock | Jun 11, 2018 | M | 13,674 | $35.84 | A | 31,977 | D | |
| Common StockF1 | Jun 11, 2018 | F | 7,024 | $271.99 | D | 24,953 | D | |
| Common StockF2 | Jun 13, 2018 | S | 3,600 | $276.53 | D | 21,353 | D | |
| Common StockF3 | Jun 13, 2018 | S | 4,721 | $277.34 | D | 16,632 | D | |
| Common StockF4 | Jun 13, 2018 | S | 500 | $278.21 | D | 16,132 | 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 RightF5 | $16.51 | Jun 11, 2018 | M | 3,299 | D | — | Mar 10, 2019 | Common Stock | 3,299 | 0 | D |
| Share Appreciation RightF6 | $35.84 | Jun 11, 2018 | M | 13,674 | D | — | Sep 22, 2019 | Common Stock | 13,674 | 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.
- F2The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.83 to $276.81, 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 $276.93 to $277.80, 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 price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.03 to $278.41, 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.
- F5The Stock Appreciation Rights vested in three equal installments commencing on March 10, 2010, 2011 and 2012.
- F6The Stock Appreciation Rights vested in three equal installments on September 22, 2010, 2011 and 2012.