X0306 4 2018-01-23 0 0000884887 ROYAL CARIBBEAN CRUISES LTD RCL 0001316987 Fain Richard D ROYAL CARIBBEAN CRUISES LTD. 1050 CARIBBEAN WAY MIAMI FL 33132 1 1 0 0 Chairman & CEO Common Stock 2018-01-23 4 A 0 76258 0 A 965586 D Common Stock 2018-02-06 4 F 0 30007 125.29 D 935579 D Common Stock 210706 I See Footnotes Common Stock 5500 I See Footnotes Represents shares of common stock underlying performance shares granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. The target award was authorized by the Compensation Committee on 02/06/2015. The actual number of shares underlying the award was determined by the Compensation Committee on 01/23/2018. The award vested in one installment on 02/06/2018. Granted in consideration for service as an officer of the issuer. Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain performance shares on 02/06/2018. Represents the average of the high and low prices for the issuer's common stock on the NYSE on 02/06/2018. Shares owned by Monument Capital Corporation as nominee for various trusts primarily for the benefit of certain members of the Fain family. The reporting person disclaims beneficial ownership of some or all of these shares. Shares owned by The Montana Trust primarily for the benefit of certain members of the Fain family. This form does not include shares owned by other trusts for the benefit of members of the Fain family in which Mr. Fain does not have any beneficial or pecuniary interest nor shares directly or indirectly owned by Mr. Fain's adult children. Ryan Lawrence, Attorney-in-Fact for Richard D. Fain 2018-02-07