Polaris Inc. — Director's Dealing 2011

Sep 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2011-08-31

Reporting Person: Wine Scott W. (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-31	Common Stock	M	37500	$20.06	Acquired	124500	Direct
2011-08-31	Common Stock	F	19936	$109.87	Disposed	104564	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-31	Employee Stock Options (Right to Buy)	$20.06	M	37500	Disposed	2019-02-10	Common Stock (37500)	Direct

Footnotes

F1: The option vests in two equal installments on February 10, 2011 and February 10, 2013.