Polaris Inc. — Director's Dealing 2013

May 9, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2013-05-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-07	Common Stock	M	10000	$9.90	Acquired	39076	Direct
2013-05-07	Common Stock	S	10000	$85.7648	Disposed	29076	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-07	Employee Stock Option (Right to Buy)	$9.90	M	10000	Disposed	2019-02-02	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5954	Indirect

Footnotes

F1: Reflects the weighted average price of 10,000 shares of Common Stock sold by the reporting person in multiple transactions on May 7, 2013 with sale prices ranging from $85.69 to $85.90 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.