ROBERT A. KATZ - 13 Dec 2021 Form 4 Insider Report for VAIL RESORTS INC (MTN)

Signature
Lydia A. MacKenzie, Power of Attorney for Robert A. Katz
Issuer symbol
MTN
Transactions as of
13 Dec 2021
Net transactions value
-$78,503,845
Form type
4
Filing time
15 Dec 2021, 17:05:53 UTC
Previous filing
29 Sep 2021
Next filing
27 Sep 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTN Common Stock Options Exercise $5,610,833 +81,340 +34% $68.98 321,441 13 Dec 2021 Direct
transaction MTN Common Stock Tax liability $15,311,427 -44,949 -14% $340.64 276,492 13 Dec 2021 Direct F1
transaction MTN Common Stock Options Exercise $7,013,948 +81,340 +29% $86.23 357,832 13 Dec 2021 Direct
transaction MTN Common Stock Tax liability $16,098,646 -47,260 -13% $340.64 310,572 13 Dec 2021 Direct F1
transaction MTN Common Stock Options Exercise $1,884,047 +21,611 +7% $87.18 332,183 13 Dec 2021 Direct
transaction MTN Common Stock Tax liability $4,288,998 -12,591 -3.8% $340.64 319,592 13 Dec 2021 Direct F1
transaction MTN Common Stock Options Exercise $5,346,886 +49,063 +15% $108.98 368,655 13 Dec 2021 Direct
transaction MTN Common Stock Tax liability $10,336,721 -30,345 -8.2% $340.64 338,310 13 Dec 2021 Direct F1
transaction MTN Common Stock Sale $974,052 -2,900 -0.86% $335.88 335,410 13 Dec 2021 Direct F2
transaction MTN Common Stock Sale $390,212 -1,159 -0.35% $336.68 334,251 13 Dec 2021 Direct F3
transaction MTN Common Stock Sale $7,943,928 -24,031 -7.2% $330.57 310,220 13 Dec 2021 Direct F4
transaction MTN Common Stock Sale $3,329,897 -10,041 -3.2% $331.63 300,179 13 Dec 2021 Direct F5
transaction MTN Common Stock Sale $964,250 -2,900 -0.97% $332.50 297,279 13 Dec 2021 Direct F6
transaction MTN Common Stock Sale $100,053 -300 -0.1% $333.51 296,979 13 Dec 2021 Direct F7
transaction MTN Common Stock Sale $1,339,280 -4,000 -1.3% $334.82 292,979 13 Dec 2021 Direct F8
transaction MTN Common Stock Sale $9,287,516 -28,288 -9.7% $328.32 264,691 13 Dec 2021 Direct F9
transaction MTN Common Stock Sale $2,825,562 -8,574 -3.2% $329.55 256,117 13 Dec 2021 Direct F10
transaction MTN Common Stock Sale $1,381,591 -4,175 -1.6% $330.92 251,942 13 Dec 2021 Direct F11
transaction MTN Common Stock Sale $3,060,800 -9,224 -3.7% $331.83 242,718 13 Dec 2021 Direct F12
transaction MTN Common Stock Sale $870,911 -2,617 -1.1% $332.79 240,101 13 Dec 2021 Direct F13

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MTN Share Appreciation Right Options Exercise $5,610,833 -81,340 -100% $68.98 0 13 Dec 2021 Common Stock 81,340 $68.98 Direct F14
transaction MTN Share Appreciation Right Options Exercise $7,013,948 -81,340 -100% $86.23 0 13 Dec 2021 Common Stock 81,340 $86.23 Direct F15
transaction MTN Share Appreciation Right Options Exercise $1,884,047 -21,611 -100% $87.18 0 13 Dec 2021 Common Stock 21,611 $87.18 Direct F16
transaction MTN Share Appreciation Right Options Exercise $5,346,886 -49,063 -100% $108.98 0 13 Dec 2021 Common Stock 49,063 $108.98 Direct F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares 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.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $335.43 to $336.38, 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.
F3 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $336.48 to $336.75, 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.
F4 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.06 to $331.05, 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.
F5 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.08 to $332.07, 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.
F6 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $332.15 to $332.97, 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.
F7 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $333.23 to $333.65, 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.
F8 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $334.65 to $335.17, 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 this footnote.
F9 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $328.01 to $329.00, 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.
F10 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $329.13 to $330.12, 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.
F11 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $330.18 to $331.07, 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.
F12 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $331.40 to $332.39, 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.
F13 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $332.40 to $333.23 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.
F14 On September 26, 2013, Reporting Person was granted 81,340 Share Appreciation Rights which vested in three equal annual installments beginning on September 26, 2014.
F15 On September 26, 2013, Reporting Person was granted 81,340 Share Appreciation Rights which vested in three equal annual installments beginning on September 26, 2014.
F16 On September 23, 2014, Reporting Person was granted 21,611 Share Appreciation Rights which vested in three equal annual installments beginning on September 23, 2015.
F17 On September 23, 2014, Reporting Person was granted 49,063 Share Appreciation Rights which vested in three equal annual installments beginning on September 23, 2015.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney