SEC Form 4 · accession 0001179110-15-009839
VAIL RESORTS INC · MTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark L Schoppet
Officer — SVP, Controller & CAO
Period of report
Jun 11, 2015
Accepted (ET)
Jun 15, 2015 · 6:06 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, 2015 | M | 5,000 | $34.37 | A | 11,031 | D | |
| Common StockF1 | Jun 11, 2015 | S | 5,000 | $105.711 | D | 6,031 | D | |
| Common Stock | Jun 11, 2015 | M | 8,007 | $39.72 | A | 14,038 | D | |
| Common StockF2 | Jun 11, 2015 | F | 4,605 | $105.87 | D | 9,433 | D | |
| Common Stock | Jun 11, 2015 | M | 3,551 | $16.51 | A | 12,984 | D | |
| Common StockF2 | Jun 11, 2015 | F | 1,837 | $105.87 | D | 11,147 | D | |
| Common Stock | Jun 11, 2015 | M | 10,000 | $35.84 | A | 21,147 | D | |
| Common StockF2 | Jun 11, 2015 | F | 6,468 | $105.87 | D | 14,679 | D | |
| Common StockF3 | Jun 12, 2015 | S | 8,148 | $105.844 | D | 6,531 | D | |
| Common StockF4 | Jun 12, 2015 | S | 500 | $106.556 | D | 6,031 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F5 | $34.37 | Jun 11, 2015 | M | 5,000 | D | — | Nov 8, 2015 | Common Stock | 5,000 | 0 | D |
| Share Appreciation RightF6 | $39.72 | Jun 11, 2015 | M | 8,007 | D | — | Oct 4, 2016 | Common Stock | 8,007 | 0 | D |
| Share Appreciation RightF7 | $16.51 | Jun 11, 2015 | M | 3,551 | D | — | Mar 10, 2019 | Common Stock | 3,551 | 0 | D |
| Share Appreciation RightF8 | $35.84 | Jun 11, 2015 | M | 10,000 | D | — | Sep 22, 2019 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1The 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.
- F2Shares 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.
- F3The 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.
- F4The 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.
- F5The option vested in three equal installments on November 8, 2006, 2007 and 2008.
- F6The Share Appreciation Rights ("SARs") vested in three equal installments on October 4, 2007, 2008 and 2009.
- F7The SARs vested in three equal installments on March 10, 2010, 2011 and 2012.
- F8The SARs vested in three equal installments on September 22, 2010, 2011 and 2012.