X0306 4 2017-02-07 0 0000884887 ROYAL CARIBBEAN CRUISES LTD RCL 0001492662 Bayley Michael W ROYAL CARIBBEAN CRUISES LTD. 1050 CARIBBEAN WAY MIAMI FL 33132 0 1 0 0 Pres& CEO,Royal Caribbean Intl Common Stock 2017-02-07 4 A 0 12627 0 A 82981 D Common Stock 2017-02-09 4 S 0 13072 95.1837 D 69909 D Represents shares of common stock underlying restricted stock units granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan. Award vests in four equal annual installments commencing on the first anniversary of the grant date. Granted in consideration for service as an officer of the issuer. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 9, 2017. The actual sale prices ranged from a low of $95.00 to a high of $95.28. 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. Carrie Levine Schwartz, Attorney-in-Fact for Michael W. Bayley 2017-02-09