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^*

Bennett Ryan

(Last)

(First)

(Middle)

390 INTERLOCKEN CRESCENT

(Street)

BROOMFIELD

80021

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2021

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)
	SVP & 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	661	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	262	$0.0	D
Share Appreciation Right	⁽²⁾	05/01/2029	Common Stock	317	$229.99	D
Restricted Share Unit	⁽³⁾	⁽³⁾	Common Stock	91	$0.0	D
Share Appreciation Right	⁽⁴⁾	09/25/2029	Common Stock	1,335	$236.15	D
Restricted Share Unit	⁽⁵⁾	⁽⁵⁾	Common Stock	514	$0.0	D
Share Appreciation Right	⁽⁶⁾	09/25/2030	Common Stock	1,486	$225.26	D
Share Appreciation Right	⁽⁷⁾	05/01/2031	Common Stock	446	$325.16	D
Restricted Share Unit	⁽⁸⁾	⁽⁸⁾	Common Stock	927	$0.0	D
Share Appreciation Right	⁽⁹⁾	09/24/2031	Common Stock	3,186	$351.85	D

Explanation of Responses:

1. On May 1, 2019, Reporting Person was granted 787 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date. On May 1, 2020, 263 shares vested of which 91 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 172 shares were issued. On May 1, 2021, 262 shares vested of which 85 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 177 shares were issued.

2. On May 1, 2019, Reporting Person was granted 317 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

3. On September 25, 2019, Reporting Person was granted 273 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date. On September 25, 2020, 91 shares vested of which 27 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 64 shares were issued. On September 25, 2021, 91 shares vested of which 27 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 64 shares were issued.

4. On September 25, 2019, Reporting Person was granted 1,335 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

5. On September 25, 2020, Reporting Person was granted 771 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date. On September 25, 2021, 257 shares vested of which 75 shares were withheld in order to satisfy the Reporting Person's obligations for payment of withholding and other taxes due in connection therewith and 182 shares were issued.

6. On September 25, 2020, Reporting Person was granted 1,486 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

7. On May 1, 2021, Reporting Person was granted 446 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

8. On September 24, 2021, Reporting Person was granted 927 Restricted Share Units, which vest in three equal annual installments commencing on the first anniversary of the grant date.

9. On September 24, 2021, Reporting Person was granted 3,186 Share Appreciation Rights, which vest in three equal annual installments commencing on the first anniversary of the grant date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	Lydia A. MacKenzie, Power of Attorney for Ryan Bennett	11/05/2021
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.