VAIL RESORTS INC

Ticker: MTN CUSIP: 91879Q109 Class: Common Stock

HBK INVESTMENTS L P's Holding History (CIK: 0001011443)

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

Q3 2015

Shares 5,600 Value ($000) $586 Avg Close $108.14 Range $100.50 - $112.34

Q2 2015

Shares 6,600 Value ($000) $721 Avg Close $104.58 Range $98.45 - $110.43

Q1 2015

Shares 19,725 Value ($000) $2,040 Avg Close $90.54 Range $84.55 - $104.11

Q4 2014

Shares 18,500 Value ($000) $1,686 Avg Close $86.72 Range $80.01 - $94.16

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	5,600	$586	$108.14	$100.50 - $112.34
Q2 2015	6,600	$721	$104.58	$98.45 - $110.43
Q1 2015	19,725	$2,040	$90.54	$84.55 - $104.11
Q4 2014	18,500	$1,686	$86.72	$80.01 - $94.16