VAIL RESORTS INC

Ticker: MTN CUSIP: 91879Q109 Class: Common Stock

Ionic Capital Management LLC's Holding History (CIK: 0001386462)

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

Q3 2014

Shares 178,721 Value ($000) $15,506 Avg Close $79.40 Range $73.94 - $89.99

Q2 2014

Shares 301,572 Value ($000) $23,275 Avg Close $70.19 Range $64.47 - $77.60

Q1 2014

Shares 281,925 Value ($000) $19,650 Avg Close $70.93 Range $67.24 - $75.42

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	178,721	$15,506	$79.40	$73.94 - $89.99
Q2 2014	301,572	$23,275	$70.19	$64.47 - $77.60
Q1 2014	281,925	$19,650	$70.93	$67.24 - $75.42