Polaris Inc. — Director's Dealing 2012

Feb 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2012-02-01

Reporting Person: Krishna Suresh (VP Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-01	Common Stock	A	8000	—	Acquired	32000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-01	Employee Stock Options (Right to Buy)	$65.57	A	16000	Acquired	2022-02-01	Common Stock (16000)	Direct

Footnotes

F1: Performance restricted share award; price is not applicable.

F2: Amount has been adjusted pursuant to a two-for-one stock split effected on September 12, 2011.

F3: The option vests in two equal installments on February 1, 2014 and February 1, 2016.