Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Chaffin Patrick S
  2. Issuer Name and Ticker or Trading Symbol
Ryman Hospitality Properties, Inc. [RHP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Asset Management
(Last)
(First)
(Middle)
ONE GAYLORD DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
12/11/2014
(Street)

NASHVILLE, TN 37214
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/11/2014   M   488 (1) A $ 32.98 5,680 D  
Common Stock 12/11/2014   F   355 D $ 52.89 5,325 D  
Common Stock 12/11/2014   M   915 (2) A $ 36.33 6,240 D  
Common Stock 12/11/2014   F   707 D $ 52.89 5,533 D  
Common Stock 12/11/2014   M   1,219 (3) A $ 46.03 6,752 D  
Common Stock 12/11/2014   F   1,105 D $ 52.89 5,647 D  
Common Stock 12/11/2014   M   4,024 (4) A $ 25.44 9,671 D  
Common Stock 12/11/2014   F   2,507 D $ 52.89 7,164 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right-to-Buy) $ 32.98 12/11/2014   M     488 02/09/2006 02/09/2015 Common Stock 488 $ 0 0 D  
Stock Option (Right-to-Buy) $ 36.33 12/11/2014   M     915 02/08/2007 02/08/2016 Common Stock 915 $ 0 0 D  
Stock Option (Right-to-Buy) $ 46.03 12/11/2014   M     1,219 02/07/2008 02/07/2017 Common Stock 1,219 $ 0 0 D  
Stock Option (Right-to-Buy) $ 25.44 12/11/2014   M     4,024 02/04/2009 02/04/2018 Common Stock 4,024 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Chaffin Patrick S
ONE GAYLORD DRIVE
NASHVILLE, TN 37214
      SVP, Asset Management  

Signatures

 Scott J. Lynn, Attorney-in-Fact for Patrick S. Chaffin   12/15/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person exercised options to purchase 488 shares of common stock at an exercise price of $32.98 per share. The reporting person paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 355 shares. The reporting person retained the remaining 133 shares.
(2) The reporting person exercised options to purchase 915 shares of common stock at an exercise price of $36.33 per share. The reporting person paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 707 shares. The reporting person retained the remaining 208 shares.
(3) The reporting person exercised options to purchase 1,219 shares of common stock at an exercise price of $46.03 per share. The reporting person paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 1,105 shares. The reporting person retained the remaining 114 shares.
(4) The reporting person exercised options to purchase 4,024 shares of common stock at an exercise price of $25.44 per share. The reporting person paid the option exercise price and the applicable taxes to be withheld by surrendering a total of 2,507 shares. The reporting person retained the remaining 1,517 shares.

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