GENERAC HOLDINGS INC. — Director's Dealing 2014

May 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAC HOLDINGS INC. (GNRC)
CIK: 0001474735
Period of Report: 2014-05-06

Reporting Person: MINICK RUSSELL S (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-06	Common Stock, par value $0.01 per share	M	4744	$29.81	Acquired	54711	Direct
2014-05-06	Common Stock, par value $0.01 per share	F	3438	$53.34	Disposed	51273	Direct
2014-05-07	Common Stock, par value $0.01 per share	S	1955	$53.65	Disposed	49318	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-06	Stock Option (Right to Buy)	$29.81	M	4744	Disposed	2023-03-14	Common Stock (4744)	Direct

Footnotes

F1: The shares were sold in multiple transactions at prices ranging from $53.61 to $53.66, inclusive. The reporting person undertakes to provide the SEC, the issuer and any security holder full information regarding the number of shares and the prices at which the shares were sold.

F2: Options shall vest in equal installments on each of the first four (4) anniversaries of the Date of Grant.

F3: Reported exercise price reflects adjustment made, pursuant to the terms of the Company's 2010 Equity Incentive Plan, to reflect the special cash dividend of $5 per share paid on June 21, 2013 to stockholders of record as of June 12,2013.