Polaris Inc. — Director's Dealing 2011

Apr 29, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2011-04-27

Reporting Person: Fisher William C. (VP & Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-27	Common Stock	M	6000	$59.45	Acquired	18038	Direct
2011-04-27	Common Stock	S	5000	$106.008	Disposed	13038	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-27	Employee Stock Options (Right to Buy)	$59.45	M	6000	Disposed	2014-11-01	Common Stock (6000)	Direct

Footnotes

F1: Reflects the weighted average price of 6,000 shares of Common Stock sold by the reporting person in multiple transactions on April 27, 2011 with sale prices ranging from $106.00 to $106.034 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.