Polaris Inc. — Director's Dealing 2012

Mar 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2012-02-29

Reporting Person: Longren David C. (VP-ORV and ORV Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-29	Common Stock	M	11800	$13.0075	Acquired	42376	Direct
2012-02-29	Common Stock	S	4116	$66.457	Disposed	38260	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-29	Employee Stock Option (Right to Buy)	$13.0075	M	11800	Disposed	2013-01-27	Common Stock (11800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2064	Indirect

Footnotes

F1: Reflects the weighted average price of 4,116 shares of Common Stock sold by the reporting person in multiple transactions on February 29, 2012 with sale prices ranging from $66.44 to $66.50 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.