Polaris Inc. — Director's Dealing 2013

Feb 6, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POLARIS INDUSTRIES INC/MN (PII)
CIK: 0000931015
Period of Report: 2013-02-04

Reporting Person: Homan Matthew J. (VP-EMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-04	Common Stock	M	25000	$9.90	Acquired	49866	Direct
2013-02-04	Common Stock	M	18000	$38.46	Acquired	67866	Direct
2013-02-04	Common Stock	S	43000	$85.4882	Disposed	24866	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-04	Employee Stock Options (Right to Buy)	$9.90	M	25000	Disposed	2019-02-02	Common Stock (25000)	Direct
2013-02-04	Employee Stock Options (Right to Buy)	$38.46	M	18000	Disposed	2021-01-31	Common Stock (18000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2510	Indirect

Footnotes

F1: Reflects the weighted average price of 43,000 shares of Common Stock sold by the reporting person in multiple transactions on February 4, 2013 with sale prices ranging from $84.94 to $86.17 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.