Polaris Inc. — Director's Dealing 2013

Jul 30, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2013-07-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-07-26	Common Stock	M	25000	$21.785	Acquired	112240	Direct
2013-07-26	Common Stock	M	50000	$9.90	Acquired	162240	Direct
2013-07-26	Common Stock	S	75000	$108.9646	Disposed	87240	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-07-26	Employee Stock Options (Right to Buy)	$21.785	M	25000	Disposed	2018-01-31	Common Stock (25000)	Direct
2013-01-30	Employee Stock Options (Right to Buy)	$9.90	M	50000	Disposed	2019-02-02	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21300	Indirect
Common Stock	32400	Indirect

Footnotes

F1: Reflects the weighted average price of 75,000 shares of Common Stock sold by the reporting person in multiple transactions on July 26, 2013 with sale prices ranging from $108.05 to $109.5625 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.