Polaris Inc. — Director's Dealing 2011

Jul 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2011-07-27

Reporting Person: Jonikas Michael P. (V.P. On-Road,Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-27	Common Stock	M	6500	$59.45	Acquired	19003	Direct
2011-07-27	Common Stock	M	4000	$65.40	Acquired	23003	Direct
2011-07-27	Common Stock	S	10500	$119.12	Disposed	12503	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-27	Employee Stock Options (Right to Buy)	$59.45	M	6500	Disposed	2014-11-01	Common Stock (6500)	Direct
2011-07-27	Employee Stock Options (Right to Buy)	$65.40	M	4000	Disposed	2015-04-11	Common Stock (4000)	Direct