Polaris Inc. — Director's Dealing 2012

Nov 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2012-10-31

Reporting Person: MALONE MICHAEL W (VP Finance & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-31	Common Stock	M	25000	$9.90	Acquired	112240	Direct
2012-10-31	Common Stock	S	25000	$84.0189	Disposed	87240	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-31	Employee Stock Options (Right to Buy)	$9.90	M	25000	Disposed	2019-02-02	Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	53700	Indirect

Footnotes

F1: Reflects the weighted average price of 25,000 shares of Common Stock sold by the reporting person in multiple transactions on October 31, 2012 with sale prices ranging from $83.80 to $84.38 per share inclusive. 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.