SEC Form 4 · accession 0001179110-15-016183
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
Dec 10, 2015
Accepted (ET)
Dec 11, 2015 · 6:48 pm EST
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 | Dec 10, 2015 | M | 14,077 | $37.20 | A | 20,614 | D | |
| Common StockF1 | Dec 10, 2015 | F | 8,736 | $128.44 | D | 11,878 | D | |
| Common Stock | Dec 10, 2015 | M | 15,188 | $39.65 | A | 27,066 | D | |
| Common StockF1 | Dec 10, 2015 | F | 9,580 | $128.44 | D | 17,486 | D | |
| Common StockF2 | Dec 11, 2015 | S | 10,798 | $127.65 | D | 6,688 | D | |
| Common StockF3 | Dec 11, 2015 | S | 151 | $128.187 | D | 6,537 | 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 | $37.20 | Dec 10, 2015 | M | 14,077 | D | — | Sep 21, 2020 | Common Stock | 14,077 | 0 | D |
| Share Appreciation RightF5 | $39.65 | Dec 10, 2015 | M | 15,188 | D | — | Sep 20, 2021 | Common Stock | 15,188 | 0 | 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 $127.17 to $128.17, 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 (2) and (3) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $128.18 to $128.19, inclusive.
- F4The Share Appreciation Rights ("SARs") vested in three equal installments on September 21, 2011, 2012 and 2013.
- F5The SARs vested in three equal installments on September 20, 2012, 2013 and 2014.