SEC Form 4 · accession 0001179110-15-009899
VAIL RESORTS INC · MTN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Blaise Carrig
Officer — President - Mountain Division
Period of report
Jun 12, 2015
Accepted (ET)
Jun 16, 2015 · 4:52 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 12, 2015 | M | 5,851 | $41.43 | A | 25,652 | D | |
| Common StockF1 | Jun 12, 2015 | F | 3,430 | $105.89 | D | 22,222 | D | |
| Common Stock | Jun 12, 2015 | M | 21,194 | $54.07 | A | 43,416 | D | |
| Common StockF1 | Jun 12, 2015 | F | 15,071 | $105.89 | D | 28,345 | D | |
| Common Stock | Jun 12, 2015 | M | 8,245 | $68.98 | A | 36,590 | D | |
| Common StockF1 | Jun 12, 2015 | F | 6,711 | $105.89 | D | 29,879 | D | |
| Common StockF2 | Jun 15, 2015 | S | 10,078 | $105.29 | D | 19,801 | 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 RightF3 | $41.43 | Jun 12, 2015 | M | 5,851 | D | — | Apr 15, 2022 | Common Stock | 5,851 | 0 | D |
| Share Appreciation RightF4 | $54.07 | Jun 12, 2015 | M | 21,194 | D | — | Sep 21, 2022 | Common Stock | 21,194 | 10,597 | D |
| Share Appreciation RightF5 | $68.98 | Jun 12, 2015 | M | 8,245 | D | — | Sep 26, 2023 | Common Stock | 8,245 | 16,490 | D |
Explanation of responses
- F1Shares 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.02 to $105.45, 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 range set forth in this footnote.
- F3The Share Appreciation Rights ("SARs") vested in three equal installments on April 15, 2013, 2014 and 2015.
- F4The SARs vest in three equal installments on September 21, 2013, 2014 and 2015.
- F5The SARs vest in three equal installments on September 26, 2014, 2015 and 2016.