X0306 4 2017-01-27 0 0000884887 ROYAL CARIBBEAN CRUISES LTD RCL 0001127306 REILLY WILLIAM K 1007 MARKET STREET WILMINGTON DE 19810 1 0 0 0 Common Stock 2017-01-27 4 M 0 2257 45.295 A 15011 D Common Stock 2017-01-27 4 S 0 2257 94.5242 D 12754 D Stock Option (Right to Buy) 45.295 2017-01-27 4 M 0 2257 0 D 2017-02-01 Common Stock 2257 0 D Represents the weighted-average sale price per share of a series of transactions, all of which were executed on January 27, 2017. The actual sale prices ranged from a low of $94.51 to a high of $94.54. The Reporting Person undertakes to provide upon request of the SEC Staff, Royal Caribbean Cruises Ltd. or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the range. Immediately. Carrie Levine Schwartz, Attorney-in-Fact for William K. Reilly 2017-01-30