VAIL RESORTS INC

Ticker: MTN CUSIP: 91879Q109 Class: Common Stock

Arrow Financial Corp's Holding History (CIK: 0000717538)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 14 Value ($000) $2 Avg Close $117.58 Range $102.65 - $133.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	14	$2	$117.58	$102.65 - $133.59