VAIL RESORTS INC

Ticker: MTN CUSIP: 91879Q109 Class: Common Stock

VIRGINIA RETIREMENT SYSTEMS ET AL's Holding History (CIK: 0001005354)

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

Q1 2017

Shares 5,800 Value ($000) $1,113 Avg Close $177.17 Range $159.84 - $194.05

Q4 2016

Shares 5,100 Value ($000) $823 Avg Close $158.80 Range $151.60 - $169.98

Q3 2016

Shares 2,500 Value ($000) $392 Avg Close $152.40 Range $137.38 - $162.95

Q2 2016

Shares 2,300 Value ($000) $318 Avg Close $132.01 Range $124.00 - $143.09

Q1 2015

Shares 16,200 Value ($000) $1,675 Avg Close $90.54 Range $84.55 - $104.11

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	5,800	$1,113	$177.17	$159.84 - $194.05
Q4 2016	5,100	$823	$158.80	$151.60 - $169.98
Q3 2016	2,500	$392	$152.40	$137.38 - $162.95
Q2 2016	2,300	$318	$132.01	$124.00 - $143.09
Q1 2015	16,200	$1,675	$90.54	$84.55 - $104.11