Polaris Inc. — Director's Dealing 2011

May 24, 2011

SEC Form 4/A — Form 4/A

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2011-05-05

Reporting Person: Dougherty Michael D. (V.P. Global New Market Devel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-05	Common Stock	S	375	$104.75	Disposed	1000	Indirect
2011-05-05	Common Stock	S	375	$104.72	Disposed	1000	Indirect

Footnotes

F1: These transactions were inadvertently omitted from the reporting person's Form 4 filed on May 9, 2011.

F2: The reporting person disclaims beneficial ownership of the shares held by his wife as custodian for son under the Uniform Transfers to Minors Act, and this report should not be deemed an admission that the reporting person is the beneficial owner of his son's shares for purposes of Section 16 or for any other purpose.

F3: Reflects the weighted average price of 375 shares of Common Stock sold in multiple transactions on May 5, 2011, with the sales prices ranging from $104.71 to $104.74 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F4: The reporting person disclaims beneficial ownership of the shares held by his wife as custodian for daughter under the Uniform Transfers to Minors Act, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughters's shares for purposes of Section 16 or for any other purpose.