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OMB
APPROVAL
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OMB Number
3235-0104
Expires:
April 30, 1997
Estimated average
burden
hours per
response ....... 0.5
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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act
of 1934,
Section 17(a) of the Public Utility Holding Company Act of
1935 or
Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Donohue James P.
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(Last) (First) (Middle)
P.O. Box 1526
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(Street)
Avon, CO 81620
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
2/3/97
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
Vail Resorts, Inc. ("MTN")
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5 Relationship of Reporting Person to Issuer
(Check all applicable)
[ ] Director [ ] 10% Owner
[ X ] Officer (give title below) [ ] Other
(specify below)
Senior Vice President and Chief Financial Officer
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6. If Amendment, Date of Original (Month/Year)
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Table I -- Non-Derivative Securities Beneficially
Owned
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3.
Ownership Form:
2. Amount of Securities
Direct (D) or
1. Title of Security Beneficially Owned
Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4)
(Instr. 5) (Instr.5)
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Common Stock 0
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Class A Common Stock 0
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Reminder: Report on a separate line for each class of securities
beneficially
owned directly or indirectly.
(Print or Type Responses)
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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5. Owner-
3. Title and
Amount of Securities ship
Underlying
Derivative Security Form of
2. Date Exercisable (Instr. 4)
Derivative
and Expiration Date
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(Month/Day/Year)
Amount sion or Direct 7. Nature of
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or Exercise (D) or Indirect
Date Expira-
Number Price of Indirect Beneficial
1. Title of Security Exer- tion
of Derivative (I) Ownership
(Instr. 4) cisable Date Title
Shares Security (Instr.5) (Instr. 5)
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Option to Purchase 10/28/97 10/01/02 Common Stock
20,000 $20.00 D
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Option to Purchase Class A Common
Stock 0
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Option to Purchase 10/28/98 10/01/02 Common Stock
20,000 $20.00 D
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Option to Purchase 10/28/99 10/01/02 Common Stock
20,000 $20.00 D
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Option to Purchase* 10/28/97 N/A Common Stock
4,000 0 D
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Option to Purchase* 10/28/98 N/A Common Stock
4,000 0 D
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Option to Purchase* 10/28/99 N/A Common Stock
4,000 0 D
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Explanation of Responses:
* Granted pursuant to employment contract. These restricted
shares have been
granted but vest on the above described schedule, subject to
continued
employment. Shares not vested upon termination are forfeited
to the
Company.
/s/ James P. Donohue
2/10/97
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**Signature of Reporting Person
Date
** Intentional misstatements or omissions of facts constitute
Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be
manually signed.
If space provided is insufficient. See Instruction 6 for
procedure.
