VAIL RESORTS INC

Ticker: MTN CUSIP: 91879Q109 Class: Common Stock

Spark Investment Management LLC's Holding History (CIK: 0001554871)

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

Q3 2015

Shares 2,600 Value ($000) $272 Avg Close $108.14 Range $100.50 - $112.34

Q2 2015

Shares 13,900 Value ($000) $1,517 Avg Close $104.58 Range $98.45 - $110.43

Q3 2014

Shares 13,700 Value ($000) $1,188 Avg Close $79.40 Range $73.94 - $89.99

Q3 2013

Shares 6,400 Value ($000) $444 Avg Close $67.63 Range $61.63 - $71.18

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	2,600	$272	$108.14	$100.50 - $112.34
Q2 2015	13,900	$1,517	$104.58	$98.45 - $110.43
Q3 2014	13,700	$1,188	$79.40	$73.94 - $89.99
Q3 2013	6,400	$444	$67.63	$61.63 - $71.18