VAIL RESORTS INC

Ticker: MTN CUSIP: 91879Q109 Class: Common Stock

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q1 2018

Shares 7,100 Value ($000) $1,575 Avg Close $218.90 Range $200.68 - $235.99

Q4 2017

Shares 9,700 Value ($000) $2,060 Avg Close $223.89 Range $210.80 - $237.77

Q3 2017

Shares 9,600 Value ($000) $2,191 Avg Close $217.26 Range $197.48 - $232.71

Q2 2017

Shares 15,400 Value ($000) $3,124 Avg Close $201.54 Range $186.44 - $215.82

Q1 2017

Shares 15,800 Value ($000) $3,032 Avg Close $177.17 Range $159.84 - $194.05

Q4 2016

Shares 15,700 Value ($000) $2,533 Avg Close $158.80 Range $151.60 - $169.98

Q3 2016

Shares 7,100 Value ($000) $1,113 Avg Close $152.40 Range $137.38 - $162.95

Q2 2016

Shares 8,700 Value ($000) $1,203 Avg Close $132.01 Range $124.00 - $143.09

Q1 2016

Shares 8,700 Value ($000) $1,164 Avg Close $125.20 Range $114.87 - $135.98

Q1 2014

Shares 1,879 Value ($000) $131 Avg Close $70.93 Range $67.24 - $75.42

Q4 2013

Shares 1,879 Value ($000) $142 Avg Close $72.24 Range $65.10 - $76.90

Q3 2013

Shares 4,079 Value ($000) $285 Avg Close $67.63 Range $61.63 - $71.18

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	7,100	$1,575	$218.90	$200.68 - $235.99
Q4 2017	9,700	$2,060	$223.89	$210.80 - $237.77
Q3 2017	9,600	$2,191	$217.26	$197.48 - $232.71
Q2 2017	15,400	$3,124	$201.54	$186.44 - $215.82
Q1 2017	15,800	$3,032	$177.17	$159.84 - $194.05
Q4 2016	15,700	$2,533	$158.80	$151.60 - $169.98
Q3 2016	7,100	$1,113	$152.40	$137.38 - $162.95
Q2 2016	8,700	$1,203	$132.01	$124.00 - $143.09
Q1 2016	8,700	$1,164	$125.20	$114.87 - $135.98
Q1 2014	1,879	$131	$70.93	$67.24 - $75.42
Q4 2013	1,879	$142	$72.24	$65.10 - $76.90
Q3 2013	4,079	$285	$67.63	$61.63 - $71.18