Polaris Inc. — Director's Dealing 2012

Jul 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2012-07-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-16	Common Stock	M	8169	$22.455	Acquired	95409	Direct
2012-07-16	Common Stock	S	8169	$75.00	Disposed	87240	Direct
2012-07-17	Common Stock	M	25831	$22.455	Acquired	113071	Direct
2012-07-17	Common Stock	S	25831	$75.00	Disposed	87240	Direct
2012-07-17	Common Stock	M	22000	$23.33	Acquired	109240	Direct
2012-07-17	Common Stock	S	22000	$75.00	Disposed	87240	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-16	Employee Stock Options (Right to Buy)	$22.455	M	8169	Disposed	2015-11-01	Common Stock (8169)	Direct
2012-07-17	Employee Stock Options (Right to Buy)	$22.455	M	25831	Disposed	2015-11-01	Common Stock (25831)	Direct
2012-07-17	Employee Stock Options (Right to Buy)	$23.33	M	22000	Disposed	2017-01-29	Common Stock (22000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	53700	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 27, 2012.