Polaris Inc. — Director's Dealing 2010

Aug 26, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2010-08-24

Reporting Person: BLACKWELL MARK E (VP Motorcycles)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-08-24	Common Stock	M	500	$28.495	Acquired	15001	Direct
2010-08-24	Common Stock	S	500	$53.61	Disposed	14501	Direct
2010-08-25	Common Stock	M	500	$28.495	Acquired	15001	Direct
2010-08-25	Common Stock	S	300	$54.57	Disposed	14701	Direct
2010-08-25	Common Stock	S	100	$54.59	Disposed	14601	Direct
2010-08-25	Common Stock	S	100	$54.62	Disposed	14501	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-08-24	Employee Stock Options (Right to Buy)	$28.495	M	500	Disposed	2012-10-07	Common Stock (500)	Direct
2010-08-25	Employee Stock Options (Right to Buy)	$28.495	M	500	Disposed	2012-10-07	Common Stock (500)	Direct