Polaris Inc. — Director's Dealing 2013

Aug 19, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2013-08-15

Reporting Person: Morgan Bennett J (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-15	Common Stock	M	70000	$23.33	Acquired	177097	Direct
2013-08-15	Common Stock	S	70000	$112.4244	Disposed	107097	Direct
2013-08-16	Common Stock	G	345	$0.00	Disposed	106752	Direct
2013-08-16	Common Stock	G	580	$0.00	Disposed	17482	Indirect
2016-08-16	Common Stock	G	230	$0.00	Acquired	530	Indirect
2013-08-16	Common Stock	S	230	$113.5201	Disposed	300	Indirect
2013-08-16	Common Stock	G	200	$0.00	Acquired	200	Indirect
2013-08-16	Common Stock	S	200	$113.5801	Disposed	0	Indirect
2013-08-16	Common Stock	G	200	$0.00	Acquired	200	Indirect
2013-08-16	Common Stock	S	200	$113.59	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-15	Employee Stock Option (Right to Buy)	$23.33	M	70000	Disposed	2017-01-29	Common Stock (70000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22664	Indirect
Common Stock	6296	Indirect

Footnotes

F1: Reflects the weighted average price of 70,000 shares of Common Stock sold by the reporting person in multiple transactions on August 15, 2013 with sale prices ranging from $112.41 to $112.99 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.

F2: The reporting person disclaims beneficial ownership of the shares held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his son's shares for purposes of Section 16 or for any other purpose.

F3: The reporting person disclaims beneficial ownership of the shares held by his daughter, and this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.

F4: Reflects the price of 200 shares of Common Stock sold by the reporting person on August 15, 2013 in which 100 shares were sold with a sale price $113.59 per share and 100 shares were sold with a sale price of $113.5901 per share.