- ------------------------------
OMB
APPROVAL
- ------------------------------
OMB Number
3235-0104
Expires:
April 30, 1997
Estimated average
burden
hours per
response ....... 0.5
- ------------------------------
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
=================================================================
===============
1. Name and Address of Reporting Person
Spector Bruce H.
- -----------------------------------------------------------------
- ---------------
(Last) (First) (Middle)
1999 Avenue of the Stars
- -----------------------------------------------------------------
- ---------------
(Street)
Los Angeles, CA 90067
- -----------------------------------------------------------------
- ---------------
(City) (State) (Zip)
=================================================================
===============
2. Date of Event Requiring Statement (Month/Day/Year)
2/3/97
=================================================================
===============
3. IRS or Social Security Number of Reporting Person (Voluntary)
=================================================================
===============
4. Issuer Name and Ticker or Trading Symbol
Vail Resorts, Inc. ("MTN")
=================================================================
===============
5 Relationship of Reporting Person to Issuer
(Check all applicable)
[ X ] Director [ ] 10% Owner
[ ] Officer (give title below) [ ] Other
(specify below)
- -----------------------------------------------------------------
- ---
=================================================================
===============
6. If Amendment, Date of Original (Month/Year)
=================================================================
===============
Table I -- Non-Derivative Securities Beneficially
Owned
=================================================================
===============
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)
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
Common Stock 0
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
Class A Common Stock 0
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
=================================================================
============================================================
=======
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)
=================================================================
===============
5. Owner-
3. Title and
Amount of Securities ship
Underlying
Derivative Security Form of
2. Date Exercisable (Instr. 4)
Derivative
and Expiration Date
- --------------------------------- 4. Conver- Security:
(Month/Day/Year)
Amount sion or Direct 7. Nature
of
----------------------
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)
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
Option to Purchase Common Stock
0
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
Option to Purchase Class A Common
Stock 0
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
- -----------------------------------------------------------------
- ------------------------------------------------------------
- -------
=================================================================
============================================================
=======
Explanation of Responses:
Apollo Ski Partners, L.P., a Delaware limited
partnership
("Apollo Ski") owns directly 11,639,542 shares
of Class A
common stock of Vail Resorts, Inc. (the
"Company"). The
general partner of Apollo Ski is Apollo
Investment Fund,
L.P., a Delaware limited partnership (the
"Fund") whose
managing general partner is Apollo Advisors,
L.P., a
Delaware limited partnership ("Advisors"),
whose general
partner is Apollo Capital Management, Inc. The
Reporting
Person is a principal of Advisors. As permitted
by the SEC
rules, the number of shares reported includes
shares in
excess of the proportionate pecuniary interest,
if any, of
the Reporting Person in the equity securities
of the
Company.
The filing of this Statement shall not be
deemed an
admission that the Reporting Person, for the
purposes of
Section 16 of the Securities Exchange Act of
1934, as
amended, is a beneficial owner of or has any
pecuniary
interest in, any equity security covered by
this Statement.
/s/ Bruce H. Spector 2/6/97
- ---------------------------------------------
- -----------------------
**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.
