SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Lynch Kirsten A.

(Last)

(First)

(Middle)

C/O VAIL RESORTS, INC.

390 INTERLOCKEN CRESCENT

(Street)

BROOMFIELD

80021

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/26/2013

3. Issuer Name and Ticker or Trading Symbol
VAIL RESORTS INC [ MTN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Marketing Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,345	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Restricted Share Unit	⁽¹⁾	⁽¹⁾	Common Stock	100	$0	D
Restricted Share Unit	⁽²⁾	⁽²⁾	Common Stock	643	$0	D
Restricted Share Unit	⁽³⁾	⁽³⁾	Common Stock	958	$0	D
Restricted Share Unit	⁽⁴⁾	⁽⁴⁾	Common Stock	7,717	$0	D
Share Appreciation Right	⁽⁵⁾	07/05/2021	Common Stock	2,800	$46.75	D
Share Appreciation Right	⁽⁶⁾	09/20/2021	Common Stock	19,048	$39.65	D
Share Appreciation Right	⁽⁷⁾	09/21/2022	Common Stock	13,599	$54.07	D

Explanation of Responses:

1. On July 5, 2011, Reporting Person was granted 300 Restricted Share Units which vest in three equal annual installments beginning on July 5, 2012.

2. On September 20, 2011, Reporting Person was granted 1,928 Restricted Share Units which vest in three equal annual installments beginning on September 20, 2012.

3. On September 21, 2012, Reporting Person was granted 1,437 Restricted Share Units which vest in three equal annual installments beginning on September 21, 2013.

4. On September 21, 2012, Reporting Person was granted 7,717 Restricted Share Units which vest in one installment on September 21, 2015.

5. On July 5, 2011, Reporting Person was granted 2,800 Share Appreciation Rights which vest in three equal annual installments beginning on July 5, 2012.

6. On September 20, 2011, Reporting Person was granted 19,048 Share Appreciation Rights which vest in three equal annual installments beginning on September 20, 2012.

7. On September 21, 2012, Reporting Person was granted 13,599 Share Appreciation Rights which vest in three equal annual installments beginning on September 21, 2013.

	Adam Averbach, Attorney-in-Fact for Kirsten A. Lynch	09/27/2013
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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