------------------------------
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
Ressler Antony P.
- --------------------------------------------------------------------------------
(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
================================================================================
<TABLE>
<CAPTION>
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)
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 26,000 D
- -----------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 0
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
===============================================================================================================================
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
<PAGE>
FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
================================================================================
<TABLE>
<CAPTION>
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)
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Option to Purchase Common Stock 0
- ----------------------------------------------------------------------------------------------------------------------------
Option to Purchase Class A Common Stock 0
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------
=============================================================================================================================
</TABLE>
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/ Antony P. Ressler 2/5/97
- --------------------------------------------- -----------------------
**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.
