<SEC-DOCUMENT>0000812011-19-000148.txt : 20191213
<SEC-HEADER>0000812011-19-000148.hdr.sgml : 20191213
<ACCEPTANCE-DATETIME>20191213165045
ACCESSION NUMBER:		0000812011-19-000148
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20191211
FILED AS OF DATE:		20191213
DATE AS OF CHANGE:		20191213

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Shapiro David T
		CENTRAL INDEX KEY:			0001449093

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09614
		FILM NUMBER:		191285130

	MAIL ADDRESS:	
		STREET 1:		601 HAWAII ST.
		CITY:			EL SEGUNDO
		STATE:			CA
		ZIP:			90245

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VAIL RESORTS INC
		CENTRAL INDEX KEY:			0000812011
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990]
		IRS NUMBER:				510291762
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	BUSINESS ADDRESS:	
		STREET 1:		390 INTERLOCKEN CRESCENT
		STREET 2:		SUITE 1000
		CITY:			BROOMFIELD
		STATE:			CO
		ZIP:			80021
		BUSINESS PHONE:		303-404-1800

	MAIL ADDRESS:	
		STREET 1:		390 INTERLOCKEN CRESCENT
		STREET 2:		SUITE 1000
		CITY:			BROOMFIELD
		STATE:			CO
		ZIP:			80021
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wf-form4_157627382703558.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2019-12-11</periodOfReport>

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        <issuerName>VAIL RESORTS INC</issuerName>
        <issuerTradingSymbol>MTN</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>Shapiro David T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O VAIL RESORTS, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>390 INTERLOCKEN CRESCENT</rptOwnerStreet2>
            <rptOwnerCity>BROOMFIELD</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80021</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP, General Counsel &amp; Sec.</officerTitle>
            <otherText></otherText>
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                <transactionPricePerShare>
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                <transactionShares>
                    <value>1500</value>
                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
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            <transactionDate>
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                <transactionCode>F</transactionCode>
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                    <value>1039</value>
                    <footnoteId id="F1"/>
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                </transactionPricePerShare>
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                </transactionAcquiredDisposedCode>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2019-12-12</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1161</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>240.38</value>
                    <footnoteId id="F2"/>
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                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
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    <derivativeTable>
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            </conversionOrExercisePrice>
            <transactionDate>
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            </transactionDate>
            <transactionCoding>
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                <transactionCode>M</transactionCode>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <expirationDate>
                <value>2025-08-01</value>
            </expirationDate>
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                </underlyingSecurityTitle>
                <underlyingSecurityShares>
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                </underlyingSecurityShares>
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            </conversionOrExercisePrice>
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            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            </expirationDate>
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                <directOrIndirectOwnership>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
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                </transactionShares>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2025-09-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1500.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>8440</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
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    <footnotes>
        <footnote id="F1">Shares of common stock were withheld from the issuance of common stock to Reporting Person upon exercise of Share Appreciation Rights in order to satisfy Reporting Person's obligations for payment of the exercise price and withholding and other taxes due in connection therewith.</footnote>
        <footnote id="F2">The price is the weighted average price.  These shares were sold in multiple transactions at prices ranging from $239.87 to $240.71, inclusive.  The Reporting Person undertakes to provide Vail Resorts, Inc. any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.</footnote>
        <footnote id="F3">The price is the weighted average price.  These shares were sold in multiple transactions at prices ranging from $241.05 to $241.43, inclusive.  The Reporting Person undertakes to provide Vail Resorts, Inc. any security holder of Vail Resorts, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.</footnote>
        <footnote id="F4">On August 1, 2015, Reporting Person was granted 1,539 Share Appreciation Rights, which vested in three equal annual installments beginning on August 1, 2016.</footnote>
        <footnote id="F5">On September 23, 2016, Reporting Person was granted 5,127 Share Appreciation Rights, which vested in three equal annual installments beginning on September 23, 2017.</footnote>
        <footnote id="F6">On September 25, 2015, Reporting Person was granted 9,940 Share Appreciation Rights, which vested in three equal installments beginning on September 25, 2016.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Emily S. Barbara, Attorney-in-fact for David T. Shapiro</signatureName>
        <signatureDate>2019-12-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
